The First Bitcoin ETF the SEC Will Approve Will be Physically Backed | CryptoSlate
ETFs is the new hot topic on the cryptoworld.
But did you know that there is more than one type of possible ETF?
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So far this year, the SEC has rejected a Bitcoin fund proposed by the Winklevoss twins, two ETFs filed by Proshares, five ETFs from Direxion, and another from GraniteShares. Still, pundits are optimistic that a Bitcoin ETF approved by the SEC will hit the market in 2019. After reviewing every single Bitcoin ETF proposal in …
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Yes, there's a lot of them and SEC is not the only one institution in the world for the approvals.
Crypto should always remain decentralized, but the SEC is securing its legalization since it will bring money to the State... to bring more taxes in for all crypto income...
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