Crypto ETF Coming Soon?On Sunday, Kin-Wai Lau, CEO of Fatfish Internet, a global tech venture investment firm, said that a Bitcoin ETF is on the horizon, adding that global markets will soon be "ready to accept" a BTC ETF. When? Mr. Lau predicts markets will be ready in a "couple of months."
The 'Go-Slow' ApproachWhile many are pushing for a crypto ETF now (Bitwise, Gemini, Spencer Bogart of Blockchain Capital), others believe the SEC is taking a 'go-slow' approach when it comes to creating a crypto ETF. This approach lines up with what Lau said on Sunday, being that an ETF might take a few months, as well as with what others have said about a crypto ETF coming soon, such as the following:
- Brian Kelly says he "hopes" there is an ETF, but "there is still quite a few things" to do before that can happen, which means it will be a while before the market sees one. He said the chances of an ETF being passed this year are "relatively low."
- Bob Pisani of CNBC said that it's unlikely the SEC will pass an ETF application, hinting at that the go-slow approach.