Will 2021 finally be the year of a bitcoin ETF?

[LeziT]

As a matter of fact, 2021 is already the year of a bitcoin ETF, but not in the US.

In fact, on February 18th, 2021, a bitcoin ETF was launched in Canada. It’s called the Purpose Bitcoin ETF (BTCC) and has been trading on the Toronto Stock Exchange since Thursday.

Given that the fund is available in both Canadian and US dollars, it is possible that it will also be used by US investors or speculators, and if that happens, it could pave the way for a bitcoin ETF to be launched on some US exchanges.

In fact, there are already several similar derivatives traded on exchanges in Europe, but not yet in the US, and the BTCC is by far the largest in North America.

The largest market for bitcoin is the United States of America, so the fact that there are already similar ETFs abroad is of less importance than the fact that there are none in the US.

Certainly, the success or failure of the Canadian ETF could also have ramifications for the SEC’s decisions in this regard.

It should be remembered that, to date, all similar proposals sent to the US Securities and Exchange Commission have been rejected or withdrawn, albeit in a different context.
Will 2021 finally be the year of a bitcoin ETF?
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