Bitcoin [BTC] Long-Term Investors See Fresh All-Time Highs In Holdings

Although it has performed quite well in the last month, Bitcoin [BTC] has not witnessed a significant price shift since the start of 2019. This week, Bitcoin gained support above $3,800, and it is currently holding its own above $4,000.

This is mostly due to the lack of significant triggers that may have started a fresh bull run. The one encouraging event that could spur further interest in cryptocurrencies is the CME Group's Sunday, March 25th launch of bitcoin futures.

But there were a lot of obstacles and difficulties in the way of CME Group's desire to introduce its new bitcoin futures trading platform. The first issue that arose was regulatory compliance. All digital asset exchanges registered as broker-dealers under Section 15(a) of the Securities Exchange Act of 1934 are required to register with the Securities Exchange Commission (SEC) as broker-dealers within two business days of the exchange notifying them of their intention to operate as such. If there are no registration-related problems or if an application satisfies all criteria for registration but does not submit all necessary papers within 60 days after receiving notification from an exchange that it plans to operate as such, this procedure may take up to 30 days.