What are the expectations for the bitcoin ETF launch on September 30th after the delay?

1 answers

• Salsabila RamadaniDec 02, 2023 · 2 years ago
  As a representative of BYDFi, I can say that the delay in the launch of the bitcoin ETF on September 30th is unfortunate but not unexpected. The SEC has been cautious when it comes to approving bitcoin ETFs, and it is not surprising that they have taken more time to evaluate this proposal. While the delay may have disappointed some investors, it is important to remember that the approval of the ETF is not guaranteed. The SEC has specific criteria that need to be met in order for an ETF to be approved, and it is possible that the proposal may not meet these criteria. However, if the ETF is eventually approved, it could bring more institutional investors into the market and potentially drive up the price of bitcoin. It is important for investors to stay updated on the latest developments and make informed decisions based on their own risk tolerance and investment goals.
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