Why A Bitcoin (BTC) ETF Might Be Approved in February 2019
A few hours ago, the cryptocurrency and investor communities were notified of the delay by the Securities and Exchange Commission (SEC) to rule on the pending VanEck Bitcoin ETF until February 27th. Some have even linked the announcement to the current blood bath in the crypto markets that has the total crypto market capitalization at $108.68 Million with BTC trading at $3,433 ahead of a shakey weekend. Ethereum (ETH) has dropped under $90 and is trading at $87.
The only coin in the top 100 doing well is Bitcoin SV (BSV) that is up 19% in the last 24 hours. BSV has also managed to flippen Bitcoin Cash (BCH).
Why The VanEck ETF is Significant
The VanEck Bitcoin ETF has been viewed by many as the much needed catalyst that could ignite the next cryptocurrency Bull run. An ETF would be an indirect stamp of approval by the SEC that classifies BTC is a viable investment asset. It will set the stage for other ETFs backed by other prominent digital assets such as ETH or a combination of…
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