CBOE (Chicago Board of Exchange) resubmitted their Bitcoin ETF application with the SEC (Securities and Exchange Commission) a week after filing for withdrawal on Jan 22nd.
Gabor Gurbacs, director of Digital Assets Strategy at VanEck Asset Management took on Twitter to explain why Bitcoin ETF would serve the public and be a positive development in the Crypto ecosystem.
Gabor notes six ways in which Bitcoin ETF would serve the public interest:
Gabor Tweets:
While some Bitcoiners have expressed that the involvement of wall street in Crypto would be against the Ethos of Bitcoin there are also several advantages that an ETF would bring as pointed out by Gabor.
VanEck is one of the most prominent players in the ETF space offer more than 55 ETFs till date, they were also responsible for the nations first Gold mining ETF. The hopes of the Crypto community are still high on VanEck to get a Bitcoin ETF approved.
Gabor also ran a poll on Twitter asking his followers their second favorite Crypto asset after Bitcoin. Over 10,300 people responded 44% of whom chose XRP.
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