Bitcoin News

Crypto analyst Brian Kelly has predicted that approval of a Bitcoin ( BTC ) exchange-traded fund ( ETF ) will “likeliest” and “earliest” come in February 2019, in an  interview  on CNBC’s Fast Money August 23. Kelly’s forecast comes hot upon the heels of the  U.S.  Securities and Exchange Commission’s ( SEC )  rejection  of nine BTC derivatives-based ETF proposals from three applicants August 22. An ETF is a type of mutual investment fund that divides ownership of a commodity, derivative,  index, or basket of assets, into shares. The fund tracks the value of the underlying asset(s) and is traded on exchanges, with shareholders entitled to any positive returns. ETFs are marketable securities that require oversight by government authorities, and the current and prospective regulatory status of crypto-related ETFs remains unresolved and  avidly discussed . Kelly pointed out that while the SEC has recently chosen to  delay  its decision on a separate and high-profile BTC ETF app