The hope of a chief of the SEC, in the United States, states that approval is a matter of time

A Bitcoin ETF is on the way – really.

That's what a US securities and trade commissioner has said that a Bitcoin ETF will eventually become a reality. Commissioner Robert J Jackson Jr. expressed optimism about the imminent presence of a Bitcoin ETF during an interview with Congressional Quarterly. It was not to be made public until February 11th.

Whatever the case may be, the details of the interview have already come out after being disclosed. The Twitter user, Drew Hinkes, of an organization called Athena Blockchain, has relayed the news via the social media platform.

#SECOND Commissioner Jackson in an upcoming interview in the coming weeks is optimistic that a "fund based on #bitcoin"will ultimately be approved, expresses concern about the proposed ETFs submitted to date. pic.twitter.com/3BCuiBd4CB

– Drew Hinkes (@propelforward) February 5, 2019

Commissioner turns beans ETF

Jackson told Congressional Quarterly how difficult it is to get the SEC's blessings on investment vehicles such as exchange-traded funds.

He said:

"Getting the approval of the deepest and most liquid financial markets in the world is difficult, and that should be the case. Once, we have stamped the US Securities and Exchange Commission on an investment; once we make it available to daily investors, we take the risk of hurting the Americans. "

Bitcoin FNB candidates queue at SEC's door

Jackson also discussed the different Bitcoin ETF applications that the SEC receives. This includes those of the Winklevoss twins – Cameron and Tyler – and the Cboe.

"I'm happy to say that market players have started presenting ideas. Whether or not we find one that really protects investors, I do not know, but I know that this case was not particularly close. "

At the end of January, Cboe re-applied for the VanEck SolidX Bitcoin Trust, which would allow big traders and institutions to invest in bitcoin through a convenient investment instrument – and familiar -.

NCC reported that the chief of confidence, Gabor Gurbacs, had announced via Twitter that his ETF was the product of "[h]The Cboe withdrew the application on January 23 after the closure of the US government laid the foundation for a wrench.

As this argument continued, Jackson said:

"Finally, do I think that someone will meet the standards we have established there? I hope so, yes, and I think so.

Crypto Space becomes SEC's priority

In January, the SEC released a list of its priorities for 2019, which includes cryptos.

NCC indicated that the SEC's Office of Conformity Inspection and Review (OCIE) would be leading this effort. She will keep an eye on things such as "offering and selling, trading and managing digital badets".

Here is an excerpt from the OCIE statement on this topic:

OCIE will take steps to identify market participants offering, sell, trade and manage these products, or actively consider or seek to offer these products, and then evaluate the scale of their activities. OCIE will conduct reviews for companies active in the digital badet market, including digital badet management, trading, security of funds and client badets, pricing of client portfolios, compliance and internal controls.