ETF

The entire crypto community is waiting for the approval of Bitcoin exchange-traded funds (ETFs). Since last year, more than 9 ETFs have been rejected by the United States (U.S) Securities and Exchange Commission (SEC).

Several cryptocurrency investors are enthusiastically waiting for the final decision of the U.S. SEC on whether or not a Bitcoin ETF eventually becomes a reality. Since the Bitcoin price is not soaring dramatically, crypto traders are now waiting for the exchange-traded fund (ETF) to recover the entire market. Nonetheless, the senior analyst at Fundstrat Tom Lee, highly believes that Bitcoin - the leading cryptocurrency by market cap doesn’t want an ETF to end 2019 vividly higher.

Regardless of the unswerving rejections of Exchange-Traded Fund (ETF) applications set forth up to the present time, optimism is still high amongst some cryptocurrency users, that the imminent ETF decision may eventually be the one that is approved. That was until Jay Clayton, the U.S. Securities and Exchange Commission (SEC) chairman reassured those hopes again when he presented in a speech at Coindesk’s Consensus Invest Conference in New York.

A few days ago, the media reported a thousand frozen accounts of Chinese citizens by the Spanish BBVA bank. In today's world, offshore banking is widely used by people around the world and is a good alternative if a man does not want to rely only on the situation in the resident country. Many people use offshore accounts to reduce political risk in their own country. The size of the offshore market is around 32 trillion dollars.

The U. S. Security and Exchange Commission announced on February 20, 2019, that cryptocurrency startup Gladius Network LLC had formally settled charges of functioning on unregistered securities offerings.

The Commissioner of the US Security and Exchange Commission (SEC), Hester Peirce, aims at opening the SEC to innovation, invention and entrepreneurship. Of late, the leaked interviews of Hester gave the crypto industry hope for Bitcoin (BTC) exchange-traded fund (ETF) approval. Hester, also known as the Crypto Mom, calls for an innovative and improved regulatory framework which is more malleable to the cryptocurrency field.

The digital currency markets have been collapsing in terms of pricing restraints since the bubble of December 2017. The bear market is currently being in full vacillation, with the crypto ecosystem in awful need for some great news. Nevertheless, there might be a better situation after the long hardship experienced, with Robert J. Jackson Jr. -  the Commissioner US Securities & Exchange Commission, revealing that he is optimistic the Bitcoin (BTC) exchange-traded fund (ETF) is “potentially inevitable.”

These are the highly expected projects in the cryptocurrency industry for next year (2019)

This year was not the best for crypto traders, let’s hope 2019 will open new opportunities for Bitcoin. Experts predict Bitcoin will largely increase in value by the end of next year. However, one must always be aware of certain risks related to fintech.