Bitcoin News

Bitcoin ETF approval in the US not possible before 2022, claims Osprey Funds CEO

TL;DR Breakdown

  • The CEO of Osprey Funds claims that the United States SEC has a lot of unfinished tasks.
  • As a result, it would not be possible for the SEC to approve Bitcoin ETF in 2021.
  • Osprey Funds CEO has been involved in talks with SEC regarding Bitcoin ETF approval.

A rival of GBTC; a way to buy and own Bitcoin in the form of stocks is provided by Osprey Funds, whose CEO is Greg King. The OBTC issuer company’s CEO has confirmed that he doesn’t see Bitcoin ETF approval in the offing this year.

Grey King is a prominent personality in the world of cryptocurrencies. During a recent one-on-one with two prominent members of Yahoo Finance, Seana Smith and Jared Blikre, Grey spoke on the possibility of Bitcoin ETF approval.

Bitcoin ETF approval not possible this year

Grey King had a lot to say during his recent meeting with Jared and Seana. The U.S. Securities and Exchange Commission is the body responsible for the Bitcoin ETF approval and a number of steps involved.

Under the guidance of Gary Gensler, the SEC has been dealing with a significant amount of approval requests and other financial integrations this year, which are coming from all directions.

As a result, Grey King has confirmed that according to him, the chances of Bitcoin ETF approval are pretty slim for this year. By the year 2022, the ETF can get approved, according to the CEO.

Summer downfall

According to King, there has been a huge surge in applicants to the SEC who wanted the approvals. He claims that this factor played a huge role in the bull run that we had witnessed at the start of 2021 and the end of 2020.

However, he also claims that the delays in decisions and approvals by the U.S. government and harsh remarks to issuing stablecoins have all contributed to the correction that followed the bull run.

This post was last modified on November 6, 2021 1:37 pm

Parth Dubey

A writer, an author, a freelancer with writings in over 50+ niches, an editor, a proofreader, a music enthusiast, a YouTuber, a podcaster, and someone, who puts consistent efforts each day to make sure his creativity is noticed. What's more? I love cryptocurrencies.

Recent Posts

Polkadot price analysis: DOT presents buying opportunity before $30 ascent

TL;DR Breakdown Polkadot price lowered another 3 percent during the day's trade Price continues to… Read More

January 20, 2022

Intel to bring a specialized Bitcoin mining chip in February 2022

TL;DR Breakdown:  Intel is reportedly releasing a specialized Bitcoin mining chip. It will be an ultra-low-voltage… Read More

January 19, 2022

Crypto friendly Singapore clampdown on crypto ATM services

TL;DR Breakdown Singapore orders crypto ATM providers stops working.Move to regulate crypto advertising to the… Read More

January 19, 2022

GK8, cybersecurity platform reel out new feature to ease integration with layer-1 blockchain

TL;DR Breakdown GK8 reel out additional features to its platform.The new features can enable banks… Read More

January 19, 2022

Monero price analysis: XMR recovers to $208, as support appears

TL;DR Breakdown The Monero price analysis is bullish.Resistance for XMR/USD is present at $214.Support for… Read More

January 19, 2022

Bitcoin Price Analysis: BTC rejects upside at $42,500 again, ready to continue lower?

TL;DR Breakdown Bitcoin price analysis is bearish today.BTC/USD retested $42,500 resistance earlier.Closest support at $41,000.… Read More

January 19, 2022

This website uses cookies.