In a conference hosted by Bloomberg on October 15 (local time), Dan Morehead, CEO of American hedge fund Pantera Capital, said the US Securities and Exchange Commission (SEC) I will take this, and it attracts attention. The cryptographic market and the temperature difference that are paying attention to bit coin ETF.
He added that the ETF is not news and is surprised that it consumes all of this energy. The bitcoin ETF, then, said it thought it would be a few years later (with the ENA approval). The SEC official continues to talk about Bitcoin and Etherium, but Morninghead points out that the latest asset class also took three years to get approved. He said the real news is not the ETF, but Fidelity and Bakkt. Fidelity is a global fund management group that manages more than $ 7 trillion in funding and is on a cipher strike. BackTo is a cryptographic platform that appears to be launching in November. Many of the analysts, including Moorehead, have also pointed out that Fidelity’s entry into the cryptographic market will be a long-term boost.
Of course, some are still looking forward to the beat coin ETF. The SEC’s announcement of whether to accept bit coin ETFs suggests that price increases may occur. For more information, please click here .