According to a recent article by Bloomberg, “Bitcoin ETFs may soon be here.” The piece by Eric Balchunas, titled, “Five Reasons the SEC Should Approve Bitcoin ETFs,” covers evidence showing that investors would prefer to invest in cryptocurrencies through an exchange-traded fund. The article reads, “The SEC is seen as dragging its feet unnecessarily on the issue of approving ETFs that focus on cryptocurrencies. An informal Twitter poll I recently conducted found that almost 80% of the 2,192 people who responded believe the SEC should approve a bitcoin ETF. About 50% would invest in one. I’ve been doing these polls for years and this is the highest by far in favor of approval.”
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