Bitcoin ETF timeline, how and when it could be approved: Nate Geraci - Business Insider

Nate Geraci, the president of the ETF Store and an outspoken advocate for a Bitcoin product, told Business Insider about what it would take to clear these roadblocks.It was in 2013 that Cameron and Tyler Winklevoss first tried to bring a Bitcoin exchange-traded fund to market.

And they've got good reason to do so: some experts say it's only a matter of time now until a Bitcoin ETF is approved. "And if you look at some of the comments that have come from both the SEC and prospective ETF issuers, they have been less than encouraging recently. I wouldn't rule out approval at the end of this year. I think 2021 is looking more likely as we sit here today."

The SEC has said it has concerns over two things: fraud, as they argue the price of Bitcoin can be manipulated on unregulated foreign markets; and surveillance, as they say don't have the ability to look into price manipulation. But critics of the SEC's stance on this, including Geraci, say assets like oil are manipulated by foreign entities like OPEC. Also, Bitcoin futures trading has already been approved by the SEC.

"Outside of owning Bitcoin direct, I don't think there are a whole lot of good options. They can invest in GBTC, but again that can trade at a premium...They could buy Bitcoin futures contracts, but I cannot recommend that most retail investors should be gambling in the futures market, but theoretically that would be another option. There is an ETF that owns GBTC — ARK Next Generation Internet ETF , but that's a small percentage of the overall holding," he said.

It's due to China's ban on crypto currency this may also get ban in India so be carefull for future updates follow me 👍

It falls short because it's a CON.

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