What Will It Take to Get the Bitcoin ETF Approved?

Recently there's been a lot of buzz surrounding the possibility of the Bitcoin ETF and although this type of buzz isn't new to Bitcoin enthusiasts, this ETF prospect is becoming more likely.

History of the Bitcoin ETF. Ever since Bitcoin started gaining traction in 2013, there have been whispers of institutionalization.

Throughout the years, there have been attempts to create a Bitcoin ETF, initially as a way to get retail traders more comfortable with Bitcoin and now as a way to lure institutions to the party.

It took until March 10, 2017, for it to be rejected, sending Bitcoin price down by 25%. In a twist, the months following the ruling saw Bitcoin more than triple in value.

It's evident why a Bitcoin ETF captures the imagination of investors.

Often people focus on the effect an ETF had on gold to gauge the impact of an ETF on Bitcoin.

90, a 478% increase! Much of the smart money in the cryptocurrency investing space believe a Bitcoin ETF will have a similar outcome on the market.

There are currently twelve Bitcoin ETFs being considered by the SEC, and one general crypto ETF. Of the twelve, the most promising ETF is the physically backed CBOE x VanEck which has an August 10, 2018 application deadline.

In a January 2018 report on the concerns of Bitcoin ETFs, the SEC outlined five major issues to be resolved before an ETF approval.

Many of the most promising ETF applications are proposing to actually store & hold bitcoin.