Crypto Winter – Looking For Hope And ETF

The so-called crypto winter is still dominating the crypto space. He has done so since early 2018. Crypto investors have to stay patient and most probably will have to wait for another few months before the climate may change into a crypto spring. One of the big hopes of the crypto space is the approval of a crypto ETF by the SEC. Evidently, some Wall Street guys are convinced that such approval will be given finally. According to those experts, the question is not “if” but “when”.

We found an interesting article on this subject on Cryptoglobe. The article quotes Ric Edelman, a prominent financial markets analyst and founder of Edelman Financial Services who recently said that a bitcoin (BTC) exchange-traded-fund (ETF) will “certainly” be launched. Edelman told CNBC (on February 11th):

The SEC [US Securities and Exchange Commission] has several legitimate thoughtful concerns that the industry has to overcome but I’m confident they will. Eventually, we will see a bitcoin ETF and it’s at that stage that I will be much more comfortable recommending that ordinary investors participate.

Ric Edelman on CNBC

Early February 2019, Gabor Gurbacs, digital asset strategist and director at VanEck (a Wall Street firm that has submitted bitcoin ETF proposals to the SEC), argued via Twitter that a bitcoin ETF “serves the public interest”:

We at FinTelegram believe in the future of crypto as a means to restructure our financial system. History will perhaps outline that the 2017 hype set free the transformational energy to make cryptonomics happen. Unfortunately, it will take some time until investors and regulators have finally digested the many crypto scams and trust into this new phenomenon is re-established.