Bitcoin at the new record of value, Next $5000!
The US Securities and Exchange Commission (SEC) has rejected the application of two twins Cameron Winkleves and Tyler Winklaw to bring exchange exchange traded funds or ETF to Bitcoin in March this year. There is still nothing to say about whether the SEC will move the decision on this petition. Bitcoin prices have increased so much that the next decision was made, in the Business Insider, a US business-related business site. ETF is a fund which has assets like shares, bonds, gold bars or foreign currency, and the ownership of these funds is shared in shares. Shareholders can not directly claim ownership of the assets under this fund, but they indirectly own them. Shareholders receive a portion of the profits from this fund and if the fund is converted into cash for any reason, then the remaining shares are divided among the shareholders.
Meanwhile, in April this year, Japan's financial regulators said their country's Bitcoin is now a legitimate transaction system. After some time Russia has been considering to consider Bitcoin and other cryptococarons since 2018. Without the year 2014, Bitcoin is the best performing currency since 2010.