The first Bitcoin-ETF will appear already in 2018

Bitcoin-ETF, or stock exchange investment fund, is a great way to make money on the crypto currency. Kryptonka analysts believe that the launch of Bitcoin-ETF can lead to an increase in the rate of the world’s first crypto currency up to $ 35,000.

According to ZeroHedge, it became known that the first Bitcoin-ETF will be approved before the end of 2018. Information on this came from the ZeroHedge portal from two sources: the Securities Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC).

A source from the CFTC said that the Bitcoin-ETF will be approved this year with a 90% probability: “In January, we were concerned about the state of krypton, but now the level of speculation has dropped, and these concerns have come to the fore.”

Meanwhile on August 7.the US SEC postponed the decision on the next ETF to bitcoin. This time the commission will reconsider the application from VanEck and SolidX on September 30.

This step did not become a big surprise for the crypto community. However, tafter this news the BTC rate significantly dropped.
Reference: ETF is a type of securities that are in demand among large institutional investors. The fund is a basket of several assets, the shares of which are presented in proportion to the market value. The appearance of ETF is considered by many experts as an important step in the mass adoption of crypto-currencies.

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