How The News Of Bitcoin ETF is ‘virtually certain,’ does not spike the prices?

CNCBC recently reported that not only JP Morgan is releasing its own crypto, a bitcoin ETF is as it has been mentioned “virtually certain”. But no sign of a bullish spirit in the market.

“It’s virtually certain. The only question is when,” Ric Edelman, founder of Edelman Financial Engines, said Monday on CNBC’s “ETF Edge” at the Inside ETFs Conference in Hollywood, Florida. “The SEC has several legitimate thoughtful concerns that the industry has to overcome but I’m confident they will. Eventually we will see a bitcoin ETF and it’s at that stage that I will be much more comfortable recommending that ordinary investors participate.”


“There is pent-up demand. We interview advisors all the time. Seventy-four percent say they’ve talked to clients about their interests in bitcoin so they need to step up when this happens because that money is going to go elsewhere,” Lydon said Monday on “ETF Edge.”

“We’ve got some serious players. Fidelity has made a major announcement in the custody issue. We’ve got Kingdom Trust and a number of other very serious players on the custody side. I’m confident that in very short order VanEck or Bitwise will satisfy the custody concern to the SEC,” said Edelman.

Mohsen Daemi
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