The founder of Bitcoin payment startup Abra, Bill Barhydt has stated that he believes that a bitcoin ETF will be approved within a year, as long as the SEC feels sufficiently comfortable with the caliber of applicants trying to get permission.
Speaking to CNBC, Barhydt stated that the SECs refusal to grant permission to a series of bitcoin ETF applications so far is mainly down to the fact that the people making the applications dont fit the mold of personalities the commission is used to engaging with.
https://www.ccn.com/sec-rejects-bitcoin-etfs-because-applicants-dont-look-the-part-abra-ceo/