that's because, so far, the applicants haven't fit the financial archetype that the U.S. Securities and Exchange Commission (SEC) is looking for.
anyone how can us to improve to get ETF? or crypto valueble is the technology not the coin are giving out..
I don't understand why people hoping for crypto ETF?? What's the utility of it?? Do you all think that ETF will infuse more liquidity into the market and shoot the price higher?? Re think after knowing the facts. Lets look at the facts,
1. Total 9 ETFs were proposed.
2. Only 1 ETF (winklevoss) is physical.
3. Rest 8 ETFs are synthetic
Synthetic ETFs are not going to buy physical bitcoins from the market. They are mainly based on CME group's future contracts. Only 1 ETF proposed by Winklevoss, is physical ETF where physical assets will be purchased and taken out of circulation.
Looking at these facts, do you think the market will sustain such hype in long run? ETF should be considered as an optional addition to cryptospace, not an integral one!