Markets Could ‘Accept’ Bitcoin ETF Within ‘Couple Of Months’

*Global markets will be “ready to accept” a Bitcoin (BTC) exchange-traded fund (ETF) in as soon as a “couple of months,” Fatfish Internet Group CEO Kin-Wai Lau told CNBC on July 29.

*Bitcoin continues to trade above $8,000 after briefly dipping to around $7,700 late last week. Despite the Winklevoss twins’ ETF receiving a second rejection on July 26, prices bounced back above $8100 shortly afterwards, reinforcing users’ belief in the robustness of Bitcoin’s return to form.

*As Cointelegraph previously reported, multiple ETF applications are due for review by the U.S. Securities and Exchange Commission (SEC), which has already postponed making a decision about an offering from Direxion until mid September.

*After the agency rejected the Winklevoss’ ETF petition, SEC Commissioner Hester M. Peirce published a statement of official dissent, arguing that the SEC had overstepped its “limited role.”

*Fatfish caused a stir earlier this year when it announced it was entering the cryptocurrency mining market on the back of higher prices. In January, the company invested $1 million for a 51 percent stake in Singapore startup APAC Mining.

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