Quote:
Originally Posted by DaddyD
Fidelity and others will likely soon be offering crypto ETFs, which I think will be a much better & less expensive way to invest in a basket of cryptocurrencies.
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A Bitcoin ETF has been pushed for years by many, including the winklevoss twins. The SEC has shot it down every chance they get.
As BTC becomes more and more accepted on Wall St. a Bitcoin ETF will eventually have to be approved. When? Who knows.
When/if it happens, you will see a huge spike in the price of BTC on the announcement.
The potential for a BTC ETF is one reason why I'm comfortable HODLing my BTC for now. I'd hate to cash out just before the ETF announcement.