The Bitcoin ETFs are "almost safe" 2 Anonymous sources involved claim it

Working with the channels in the SEC and the CFTC in particular, we find two sources that seem to be "almost secure" on Reddit that the crypto ETF conversation is about to take a serious upward turn.

The context for optimism is mitigated with some specific disadvantages: the crypto and ICO regulations. Both sources said that the 'almost secure' approval of a Bitcoin ETF and other crypto-ETF products will be announced along with the first set of cryptographic derivative regulations from both the SEC and the CFTC.

An anonymous source from the CFTC said the following:

"The crypto markets have moderated and regulators have noted the lack of drama surrounding the future of Bitcoin in several global exchanges. The moderation of prices and the adoption of a "product of pairs" is what the conversations have focused on. In January, we were justifiably concerned about a bubble and the damage that a rapidly-approved product could attract speculators and create losses that led to important lawsuits. Now, those factors seem to mitigate significantly. "

The second source, a former SEC employee who left the regulator two weeks ago, said the following:

"I would expect a positive result in September, or if it goes longer, it's just a few points which are being finalized in a broader regulatory language in the cryptographic space. To be clear, most of the regulation will focus first on the ICOs and the problems they pose for retail investors at this time. US residents UU They send money to all kinds of exotic places to invest in unregulated instruments without any recourse and then lose every penny they have put at risk. The regulation of ICO will begin to solve these problems and keep the assets of the clients on the ground. "

Both sources made more comments on the track that Bitcoin and cryptocurrency futures (Ethereum) have provided reliability for ETFs to occupy a central place later this year and until 2019.

The regulatory agencies are fully aware that once this door is opened it will open a flood of presentations, approvals, new products derived from the crypto market. Therefore, the congruent impulse for regulation that will provide the architecture for fair and equitable markets to surround the newly regulated asset class.

Even so, this is great news because basically they tell us that approval is almost guaranteed. If you take a look at the price movements connected to the industries that joined the ETF movement and the institutional assets that followed, an expected increase in prices is not unreasonable.

One reason why well-known billionaires and asset managers have been discussing and investing in cryptocurrencies through pure media or encryption hedge funds is because they know there is an uptrend just around the corner.

Source:

Reddit