Published On: Tue, Feb 7th, 2017

If the Winklevoss Bitcoin ETF is Approved, What Happens Next?

Share This

March 11th is the next milestone date in Bitcoin history, as the Securities and Exchange Commission (SEC) will decide whether to allow the world’s first Bitcoin ETF fund. So what could happen if it is approved?
Bitcoin ETF Could Lead to ‘Irrational Exuberance’
If the SEC approves the Winklevoss Bitcoin Trust next month, it might set off a speculative rush into bitcoin.
An easily accessed ETF (exchange-traded fund) that tracks the value of bitcoin could cause money to flood into the fledgling bitcoin market. What some see as a chance for average investors to participate in one of the great financial innovations of recent years could set off a trading frenzy in an already wild market.
“My concern is that the launch of an ETF could lead to irrational exuberance if the price of bitcoin appreciates dramatically,” Christopher Burniske, blockchain-products lead at money manager and research firm ARK Investment Management, told the Wall Street Journal.

A $2 million buy order would have a visible effect on the global Bitcoin market, and he predicts that $300 million would enter the market after the first week.
Across all U.S. exchanges, the average daily volume of …

Read more –> click here all content is copyright Bitcoinist.

Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..

Powered by ABITCO.IN

Displaying 1 Comments
Have Your Say
  1. RT @ABITCOINnews: If the Winklevoss Bitcoin ETF is Approved, What Happens Next? –

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>

Most Popular Posts

ALL Bitcoin News

Like what you’re reading?

Never miss any breaking Bitcoin news by following us on Facebook and Twitter!