The road to Bitcoin ETF paved with red tape
Following the 1,500% surge of Bitcoin last year, it was only a matter of time that companies started fighting each other in order to enter the broad retail market of exchange-traded funds (ETFs) with cryptocurrencies. US SEC however is being difficult in allowing this and as a result, Fund Managers are trying to find ways to address the regulators concerns. Simply, by either redesigning their funds, or through the use of tranditional assets for the exposure of bitcoin, Fund Managers fight against all odds, for being able to trade on-trend crypotocurenncy and retain the capital markets of US alongside those in Europe and Asia.
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