Bitcoin Rides the ETF

By: Nathan Frangoulis

The US Securities and exchange commission are currently in the process of approving or disapproving a pair of proposed ETFs which is based on a bitcoin format. The decision is regulated to make the decision on the ProShare Bitcoin ETF, and will be allocated by Thursday August 23. This rule is proposed by a change in conjunction with the NYSE Arca, and simple cannot be delayed any further.

The decision will determine how Bitcoin will ultimately be allocated into the SEZ and other trading platforms which are presented. Most bitcoin ETF proposals have all been rejected, and were even denied last month when it was rejected by Gemini founders, so far this has been its greatest progress.



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