By October 2019, the Securities and Exchange Commission is expected to decide whether to approve two bitcoin ETF applications. Filed by Bitwise Asset Management and VanEck, these ETFs would give investors a simpler way to gain exposure to bitcoin cryptocurrency. Approval doesn’t mean immediate launch—that could take time. But if approved and launched, should you invest in it?
How big can the ETF market become?
In 2017 was a record year for the global ETF market. Assets invested in ETFs and other exchange-traded products (ETPs) reached a new all-time high of $4.8 Trillion. “So far, assets in global ETFs have doubled every five years,” says Bryon Lake, head of international ETFs at JP Morgan Asset Management. “So can we reach $10 Trillion in assets in 2022, compared to the current $5trn? It’s a stretch but it’s entirely possible.”
The U.S. Securities and Exchange Commission again delayed a decision on approving three Bitcoin exchange-traded funds, dealing another blow to those in the cryptocurrencies community holding on to the belief that a favorable decision was imminent. The regulator postponed until October a ruling on whether listing rules can change to allow the two funds to start trading. Decisions for both the Bitwise Bitcoin ETF Trust, which wants to track the 10 largest digital tokens, and the VanEck SolidX Bitcoin Trust.
"If you enjoyed listening to this episode and you want a really easy way to support Thriller Premium, why don't you head over to Apple Podcasts and leave us a quick rating or even a review?
Please leave a Review. Just go to ThrillerRating.com and that should open up Apple Podcasts.
Podcast reviews are pretty darn important and the more reviews we receive, the more likely we'll be able to get Thriller Premium in front of more people.
I am very appreciative for each one of you and would be extremely grateful if you left a 5 star review showing support. I read pretty much all the reviews that you guys leave over there. Thank You."
🔊 For Podcast ⚡ Lightning ⚡ Listeners
You can now use an app and support streaming sats to Thriller Premium.
Mobile: Breez is an excellent non-custodial Lightning wallet
Mobile + Desktop: Sphinx Chatalso supports streaming to podcasts
Desktop/Browser: podStationbrowser extension
Mobile + Desktop: PodFriendas app and on web
Mobile + Desktop: CurioCasteras a progressive web app
More information is available at https://satoshis.stream