Bitcoin to launch its own ETFs
Bitcoin to launch its own ETFs
This is a major move that will help Bitcoin clean its house and meet the consumer demands. Many companies are supporting the ETF implementation and will see the giant blockchain comply with state regulations. This will put the system at per with the OTC marketplace. The matter has already been forwarded to SEC. going by Winklevoss Twins’ advice having a regulatory body will enhance security and reduce hacks and trade manipulations.
Introduction of the new feature will entice the consumer and loosen up to pump more into the coin and increase volumes. Once the ETFs implementation is clearly outlined and a rollout announced, the prospect of the coin price surge will be noticed.
Regulation Standoff Ease
With the issue of regulations still biting hard, the proposal to have a self-regulating body in the market is the way forward for the coin. The government hand in the regulation saga has sent ripples across the entire cryptocurrency market. Regulation and advertisement news affected the market early in February but with CME and Cboe ware quick to start planning for new Bitcoin features which are a plus to its recovery.
Bitcoin (BTC) Transaction Fee News
The cost of mining on the Bitcoin platform has had negative effects on the transaction fee. The consumer is paying more to sustain the miner and this is about to change. Consumers are waiting on the sidelines to get fair transaction fees and increased transaction speeds. With the anticipated changes in smart contracts in the Ethereum blockchain, spillover effects will excite the market and Bitcoin might benefit in increased trade in exchanges where the two coins are paired.
With this news in the offing, more traction is anticipated and this could move Bitcoin (BTC) to the next level. The investor activity has an upper hand on how these events will translate to price growth. The pace at which the blockchain implements these will determine how they will get back to their glory days.
Bitcoin to launch its own ETFs
Reviewed by mir khaleq ali
on
08:02
Rating:
Reviewed by mir khaleq ali
on
08:02
Rating:
No comments: