The cryptocurrency market is very excited about the future of the cryptocurrency space with the launching of the first Bitcoin exchange-traded fund. The U.S. Securities and Exchange Commission (SEC) could approve at the beginning of the next year, the first Bitcoin ETF presented by VanEck.
During CNBC’s Crypto Trader show, Gabor Gurbacs, Director of Digital Assets Strategy at ETF manager VanEck, talked with Ran Neu-Ner about the future of the crypto space.
According to Gurbacs, America wants a Bitcoin ETF and the company is waiting for an approval from the SEC to take place between December 29 this year and 27 February 2019. Gurbacs says that on December 29 this year, the SEC could say that it is necessary to take a longer time to approve this Bitcoin ETF. However, in February 2019, the SEC could take a final decision and approve the first Bitcoin ETF.