Why The SEC Should Approve The Winklevoss Bitcoin ETF

Why The SEC Should Approve The Winklevoss Bitcoin ETF

When the Securities and Exchange Commission (SEC) recently asked for public comment on the Winklevoss Bitcoin ETF, Bloomberg analyst Eric Balchunas didn’t waste any time. Balchunas, who focuses on exchange-traded funds, thinks the case for bitcoin, which has returned 610% since the ETF was filed in July 2013, is strong. The commission has taken a lot of time to decide on whether or not to approve the first bitcoin ETF, with concerns about bitcoin’s stability and security. Balchunas thinks the reasons favoring approval outweigh these concerns, which he outlined in a recent Bloomberg opinion....


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