Upgrades in Cryptocurrency Market must be done before Approval of Bitcoin ETF

Well, it comes to a little surprise after Chairman of U. S. SEC, Jay Clayton announced about giving a nod to Bitcoin ETF (exchange traded fund). Till date SEC has denied access to numerous ETF applications because the committee understands that they are still not up to date when it comes to ‘investor protection’.

Also, check: Taiwan Announced New Crypto Exchange Rules

First Bitcoin Exchange Traded Fund

If everything falls in place then Bitcoin Exchange Traded Fund is going to be first of its kind in this league! It was at the Consensus Invest Conference in Manhattan that Jay Clayton specifically announced about its plan to release first Bitcoin ETF however, this can be done only after careful consideration of how things work out post complete quality check.

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