Canaccord – Approval for Bitcoin ETF likely in 2019

Canaccord the largest independent investment dealer in Canada, in its quarterly updates on cryptocurrencies, dives into a range of categories that includes security tokens and recent developments in cryptocurrency spot prices. It also provided insights to its favorite category Bitcoin ETF which the crypto-community has viewed with renewed fervor following a proposed rule change by CBOE, which is seeking to list such a product in conjunction with money manager VanEck and crypto startup SolidX.

While Canaccord acknowledges the interest of those backing up ETF, they have put forward the viewpoint that SEC may extend its decision as long as it can. In theory, the SEC could make a decision as early as Friday, August 10.

Read more at coindesk

Nuo is a decentralised and transparent crypto banking platform. It acts as a blockchain powered financial control centre to store, spend, borrow and grow your crypto-currencies. Install the android app or try out our crypto backed loans platform.