Last year, the SEC rejected the applications, preventing the digital currency from gaining more acceptance from investors who are wary of the unregulated exchanges of cryptocurrencies. The SEC’s Division of Trading and Markets rejected applications from investment firms ProShares, Direxion and GraniteShares.
“Mere weeks ago, Blockonomi reported that Fundstrat released its “2019 Crypto Outlook” report, which cited approximately eight factors as to why BTC could see a solid year. Positive catalysts mentioned included the trend that USD is experiencing, potentially due to the build-up in governmental debt, along with Fundstrat’s strong sentiment that emerging markets, which tacitly includes Bitcoin and other cryptocurrencies, could outperform traditional equities in 2019,” according to Blockonomi.
Bitwise Asset Management and Reality Shares are among the issuers that have filed plans for bitcoin ETFs this year.
For more information on the cryptocurrency market, visit the Bitcoin category.
