👨🏽‍⚖️ [Analysis] Two New Bitcoin ETF Proposals Pending as Cryptocurrency Markets Mature - Emily Chan

Two recent proposals for Bitcoin ($BTC) ETFs are vying to become the first to receive approval from the SEC, one filed by CBOE and the other by Arca. The SEC has yet to approve a cryptocurrency ETF, although several applications were filed throughout 2018. Emily Chan explains the hesitations that the SEC has expressed regarding Bitcoin ETFs, including: valuation, liquidity, custody, arbitrage, and possible manipulation. A Bitcoin ETF would allow investors to easily invest in bitcoin without needing to directly buy and manage the cryptocurrency themselves. An interview leaked on Twitter with Commissioner Robert Jackson expressed confidence that an applicant for a Bitcoin ETF will eventually meet the agency’s requirements, but if any pending applications are the one remains to be seen.