SEC Commissioner Says Bitcoin ETF Will Be Approved ‘Eventually’

February 8, 2019

 

A commissioner at the U.S. Securities and Exchange Commission (SEC) believes a bitcoin exchange-traded fund (ETF) will ultimately be approved. Robert J. Jackson Jr., in an interview published by government-focused news source Roll Call on Wednesday, said: “Eventually, do I think someone will satisfy the standards that we’ve laid out there? I hope so, yes, and I think so.”

A number of bitcoin ETF proposals have filed for SEC approval, but none has yet got the green light. Jay Clayton, chairman of the SEC) has said he doesn’t see a pathway to a cryptocurrency ETF approval until concerns over market manipulation are addressed.

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Bitcoin (BTC) is up 7.86% over the past 24 hours and is currently trading at $$3,677.40 on Coinbase. BTC dominance is at 53.1% and the total cryptocurrency market cap is currently at $121.4 Billion. 

 

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