Coinshares CSO: The possibility for the SEC not to approve the Bitcoin ETF remains a concern for the Crypto domain
Bitcoin stock exchange investment funds (ETFs) are still in a regulatory situation, and discussions on this issue continue in 2019. On the one hand, a number of optimists claim that 2019 will be the year of ETFs with crypto currencies. On the other hand, there are pessimists who believe that the crypto market is too young to manage such an investment tool. Interestingly, in the last part of the Crypto Traders program published by technology entrepreneur Ran NeuNer on CNBC Africa, some guests stated that they did not expect ETF bitcoins to appear in the coming months.
Meltem Demirörs, Chief Strategy Officer of CoinShares, a crypto asset management group based in Jersey, Channel Islands, recently spoke about NeuNer, founder of OnChain Capital and blockchain supporter.
In an interview with Anthony Pompliano of Morgan Creek and Arjun Balaji of The Block, Demirörs was asked about his practices with Bitcoins ETF‘s, in particular his views on US jurisdiction.
In 2019, Demirörs proposed that the ETF proposals of VanEck, SolidX and CBOE should not be approved. She also stated that the United States Securities and Exchange Commission (SEC) was widely considered to be the main obstacle to krypton and said he was not willing to approve the request. Demirörs said that the current US political environment has worsened the situation of Bitcoin, which is a very negative environment for financial arrangements.
Demirörs also said that the green light in the cryptography markets is a dream, due to concerns about bitcoin on the market, the risk of manipulation and some appropriate safety issues.
Another guest of NeuNer was Arjun Balaji, Managing Director of Shomei Capital. But Balaji had a different perspective. Balaji, an analyst in the in-depth research of the “blockchain”, argued that only one product (probably bitcoin) had the chance to make the ETF crypto. However, the SEC has stated that it will only dominate the main cryptographic units and that it will be skeptical of a wide range of ETF products. Balaji also said that the VanEck team, which recently filed an application, is awaiting a decision from the SEC within the next two months.