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Bitcoin ETF: VanEck or Bitwise will satisfy the custody concern of SEC, says Ric Edelman

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Bitcoin ETF: VanEck or Bitwise will satisfy the custody concern of SEC, says Financial Advisor
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Ric Edelman, the Founder of Edelman Financial Engines, spoke about one of the most controversial and popular subjects in the cryptocurrency space presently, the Bitcoin ETF. In an interview with CNBC, the legendary financial advisor spoke about whether the U. S Securities and Exchanges Commission would ever pass a Bitcoin ETF as well as addressed the SEC’s main concerns regarding an ETF as well.

The financial advisor started by speaking about the chances of the SEC approving an ETF, in light of the several proposals that have been shot down by the regulatory body under several grounds. Here, Edelman stated that the the question that should be emphasized upon should be “when” would the ETF be passed as it certain that there will be one very soon.

“I don’t know how soon it’ll happen; the SEC has several legitimate thoughtful concerns that the industry has to overcome but I’m confident that they will and eventually we will see a Bitcoin ETF and it’s at that stage that I will be much more comfortable recommending that ordinary investors participate”

This was followed by Edelman elucidating on how this could be possible, considering that the SEC’s main concerns have been in relation to custody and overseas trading where the prices are established on platform that are not regulated by the SEC.



“True. But, we’ve got some serious players, Fidelity has made a major announcement in the custody issue, we’ve got Kingdom Trust and a number of other very serious players on the custody side. I’m confident that in very short order, VanEck or Bitwise will satisfy the custody concern of the SEC.”

For him, Bitcoin is on the same list as oil and gold, globally traded assets that are beyond the control of the regulatory body. He added that the Securities and Exchanges Commission will eventually have to “shrug” and accept the market the way it really is.

YouTuber Dr. Guru put an interesting spin on things when he said,

“Meanwhile the SEC hints that’s it’s almost impossible. Isn’t it ironic that the same people that want a currency independent from government policies, want an ETF?”





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Bitcoin

John McAfee says he will reveal Nakamoto’s identity, Coinbase expands to 11 countries, and more

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John McAfee says he will reveal Nakamoto's identity, Coinbase expands to 11 countries, and more
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Daily Crypto News – April 18

1. John McAfee on Satoshi Nakamoto: The Founder of McAfee Associates stated that he would narrow down on the identity of Satoshi Nakamoto until he reveals Satoshi himself, otherwise he would reveal his identity to the crypto community. He also spoke about how he knows about Satoshi, to read about it, click here!

2. Coinbase expands its services to more countries: The leading exchange platform announced that it expanding its services to 11 more countries, which includes India, South Korea, and New Zealand. People in these countries can avail services provided on Coinbase.com, Coinbase Pro and its app on iOS and Android.

To know more about the countries Coinbase has expanded to, click here!

3. Craig Wright says the crypto-community want to silence him: Craig Wright, the self-proclaimed Satoshi Nakamoto, stated that the majority of the community was against him as they “desire to silence” him because they see someone who would bring an end to scams and pumps and dumps.

He also spoke about the next steps he would be taking in terms of the legal action concerning his defamation case. To read about it, click here!



4. Binance “marks the birth of a new genesis block”: The largest cryptocurrency exchange in terms of trade volume announced the launch of its Decentralized Exchange, and also stated that the mainnet swap would take place on 23 April 2019.

To read more about Binance DEX, click here!





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