Will the 12 Bitcoin ETF Submitted to the SEC in 2021 be Approve？
Approval of a bitcoin exchange-traded fund in the US could pull investors out of a popular trade and erode a key support of the cryptocurrency's lofty price, JPMorgan strategists said. BTC ETFs have begun to appear all over the world. Countries and regions such as Canada, Brazil, and Dubai have launched officially approved BTC ETFs, but so far, the US Securities and Exchange Commission (SEC) does not seem to have much willingness to approve BTC ETF proposals. Since the first BTC ETF application in the United States was submitted in 2013, all applications have been rejected, but even so, in 2021, many institutional investors still submitted BTC ETF applications to the SEC. What is Bitcoin ETF? ETF is a publicly traded investment tool that can track the value of related assets. For BTC ETF, the asset is BTC. Supporters of the BTC ETF believe that relatively complex wallets, exchanges, and private keys are a huge barrier for new users to enter the digital currency field, and the BTC...