How To Protect Your Tokens When The Bitcoin ETF Approval Date Approaches

in #gjdkhls • last year

The cryptocurrency market is anticipating the approval date of the bitcoin ETF with great excitement. Not everyone, however, shares others' enthusiasm for this progress. Concerns have been raised by some that the ETF would drive up the cost of bitcoin, which may be problematic for those who bought their tokens at a discount.

Since September 2017, the U.S. Securities and Exchange Commission (SEC) has been developing an exchange-traded fund (ETF) for bitcoin, although they have not yet approved one. They said in a statement in December that they will decide by March 11th, 2019, whether or not to approve an ETF.

Many investors are hoping that the SEC will approve an ETF before March 11th, 2019, but others think that because of their past approval of other cryptocurrency ETFs like Direxion Daily Bitcoin Bear 1X Shares (DBV) and VanEck Vectors Bitcoin Strategy ETF (GBTC), the SEC will make its decision after the deadline.

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