Bitcoin ETF Approval is Almost Certain

In a report based on two sources close to SEC and CFTC, SEC's Bitcoin ETF approval was reported to be almost certain.

The ICO Journal is based on two sources, the US Securities and Exchange Commission (SEC) and the US Commodity Futures Commission (CFTC), and a bitcoin ETF approval is almost certain, and the announcement of the Bitcoin ETF confirms that the SEC and the CFTC will be announced along with the first set of crypto money orders.

The source at the CFTC, with regard to the subject, "I say 90% at this point. Crypto money markets have been moderated and regulators have watched the lack of drama surrounding the Bitcoin floods in various global stock exchanges. We were carrying a balloon concern in January, and we thought it could lead to significant damage, which a speculator of a rapidly approved product could pull. These factors now seem to have declined significantly.

The second source, a former SEC employee, who left the SEC two weeks ago, said, "I expect a positive outcome in September.

When will the decision be announced?

The SEC will be able to announce the CBOE's Bitcoin ETF application for the world's largest options exchange on August 16th, the earliest. This period can be extended by 45 days if necessary. In this case investors should wait until the end of September or early October.

What happens if approved?

The crypto monopoly has put the earmark on the SEC. It is anticipated that the SEC's approval of a Bitcoin ETF will provide a new story that Bitcoin needs and will allow substantial new money entry into the market. Bitkoin price is expected to reach new peaks if expectations are realized.