Literally the entire cryptocurrency market is waiting for a leading cryptocurrency Bitcoin-focused ETF to receive approval from the US, while other ETFs continue to receive approval.
In the latest statement made by the Australian Stock Exchange, it was emphasized that the product called BetaShares Crypto Innovators ETF is very close to being approved. The ETF in question will be listed under the name “CRYP” and will follow shares of Coinbase cryptocurrency exchange, as well as mining company Riot Blockchain and MicroStrategy, which is known for its BTC purchases.
Next up is the Bitcoin ETF
BetaShares CEO Alex Vynokur said in a statement on the subject that the ETF took a very long time to be approved by Australia’s securities regulator, but emphasized that demand is constantly increasing.
Vynokur underlined that the reason why the company took the decision of the crypto companies-focused ETF before the crypto-focused ETF was the regulations.
This last step taken by Australia actually shows that the view towards cryptocurrencies in the world has changed. Despite this, the USA still did not give the expected good news and it is known that crypto money investors are waiting for news from the USA.
Date Shrinks for SEC
Despite receiving many Bitcoin ETF applications, the US securities regulator SEC refused to accept almost any of them and kept postponing them repeatedly. Next month, the SEC has to make the final decision on multiple ETFs, and the market is focused on that. If the SEC approves a Bitcoin ETF, a very positive scenario awaits the market.