Close Menu
Cryprovideos
    What's Hot

    Exploring the Open Supply AI Compute Tech Stack: Kubernetes, Ray, PyTorch, and vLLM

    June 13, 2025

    Bitcoin Exhibits Energy, However Binance Open Curiosity Divergence Flags Warning | Bitcoinist.com

    June 13, 2025

    Meta Invests $14 Billion in Scale AI to ‘Deepen’ its Work on Superintelligence – Decrypt

    June 13, 2025
    Facebook X (Twitter) Instagram
    Cryprovideos
    • Home
    • Crypto News
    • Bitcoin
    • Altcoins
    • Markets
    Cryprovideos
    Home»Markets»Bitcoin ETF May Happen this Year –Mike Novogratz – NewsLogical
    Bitcoin ETF May Happen this Year –Mike Novogratz – NewsLogical
    Markets

    Bitcoin ETF May Happen this Year –Mike Novogratz – NewsLogical

    By Khalid LawalNovember 1, 2024No Comments3 Mins Read
    Share
    Facebook Twitter LinkedIn Pinterest Email


    The cryptocurrency industry has hoped for a Bitcoin ETF for many years as a means to grow it. However, this has been faced with different challenges that have stopped such dreams from coming to pass. This dream may be on its way to fulfillment in 2021 though. Hedge fund manager and Bitcoin bull Mike Novogratz, CEO of Galaxy Digital says an ETF could become a reality in 2021 as demand for the digital asset continues to rise.

    There have been many attempts at getting a licence for a Bitcoin ETF with Gemini, Bitwise and other companies filing for it. The SEC under Jay Clayton had repeatedly postponed the approval of these applications to the point that all hopes of an ETF have been lost. This has been blamed mainly on Clayton’s dislike of cryptocurrency rather than the merit of the applications.

    Better Administration for Growth

    As Clayton’s leadership ended with the end of Donald Trump as president, there has been heightened optimism that the cryptocurrency industry will see better days. This includes the possible approval of a Bitcoin ETF which Novogratz says is likely because this administration has more crypto-friendly regulators.

    Notably, President Joe Biden’s pick for the office of SEC chairman, Gary Gensler is very knowledgeable about cryptocurrencies. He also teaches blockchain and cryptocurrency at Harvard University. Not only is Gensler interested in cryptocurrency and its growth but  he is also interested in sanitizing the space to make mainstream adoption easier.

    Following the SEC’s lawsuit against Ripple, he said there may be more unregistered securities in the industry which the SEC needs to go after. According to him, such changes must be made if mainstream confidence in the industry will grow to the point of actual adoption. He also advocates that crypto exchanges be brought directly under Federal supervision teo boost confidence in the industry.

    Greater Adoption Could Encourage ETF

    Another reason Novogratz is optimistic for an ETF is the rising adoption of Bitcoin. In 2020, dozens of corporate organisations bought the asset and more have done the same this year. Notably, Tesla bought Bitcoin worth $1.5 billion earlier this week and Twitter may be on its way to doing the same. Today, news broke that Kenya’s central bank will be adopting Bitcoin as its reserve currency.

    These adoptions have made Bitcoin to become a more stable asset and experts say it is much less risky than it used to be. As the SEC has always argued that Bitcoin is too volatile to have an ETF, this may be the time for an ETF as the volatility drops and the market matures especially as more institutional players enter it.



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    Exploring the Open Supply AI Compute Tech Stack: Kubernetes, Ray, PyTorch, and vLLM

    June 13, 2025

    Meta Invests $14 Billion in Scale AI to ‘Deepen’ its Work on Superintelligence – Decrypt

    June 13, 2025

    Why These 3 Altcoins Are Thought-about the Greatest Cryptos to Make investments In for the Lengthy Time period

    June 13, 2025

    ONDO To Repeat 2024’s ‘Parabolic’ Run? Analyst Anticipates 130% Rally Quickly

    June 13, 2025
    Latest Posts

    Bitcoin Exhibits Energy, However Binance Open Curiosity Divergence Flags Warning | Bitcoinist.com

    June 13, 2025

    Polkadot neighborhood cut up on promoting 500K DOT for Bitcoin reserve

    June 13, 2025

    Bitcoin (BTC) Hit by Sharp Spot Outflows Amid Rising Center East Tensions

    June 13, 2025

    Bitcoin Drops 5%, Gold Surges After Israeli Strikes in Iran – Bitbo

    June 13, 2025

    Company Bitcoin Adoption Nonetheless in Early Days, Says Bitwise CIO

    June 13, 2025

    In 2025, customers will use XRP, BTC, Dogecoin, USDC, and so forth. to earn $88,000 per day in PBK Miner

    June 13, 2025

    The Bitcoin Treasury Technique That’s Reanimating Zombie Corporations

    June 13, 2025

    Bitcoin Plunges To $107,000: Did Retail Hype Chunk Again?

    June 13, 2025

    CryptoVideos.net is your premier destination for all things cryptocurrency. Our platform provides the latest updates in crypto news, expert price analysis, and valuable insights from top crypto influencers to keep you informed and ahead in the fast-paced world of digital assets. Whether you’re an experienced trader, investor, or just starting in the crypto space, our comprehensive collection of videos and articles covers trending topics, market forecasts, blockchain technology, and more. We aim to simplify complex market movements and provide a trustworthy, user-friendly resource for anyone looking to deepen their understanding of the crypto industry. Stay tuned to CryptoVideos.net to make informed decisions and keep up with emerging trends in the world of cryptocurrency.

    Top Insights

    DOJ Prices $263M Crypto Crime Ring That Spent Hundreds of thousands at Nightclubs – Decrypt

    May 18, 2025

    Kenya Strikes To Legalize Crypto – Particulars

    January 12, 2025

    Pippin Worth Prediction: AI Agent PIPPIN Pumps 102% As Consultants Say This Solana Layer 2 ICO Would possibly Be The Greatest Crypto To Purchase Now

    January 12, 2025

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    • Home
    • Privacy Policy
    • Contact us
    © 2025 CryptoVideos. Designed by MAXBIT.

    Type above and press Enter to search. Press Esc to cancel.