According to a U.S. Securities and Exchange Commissioner who thinks a Bitcoin ETF will eventually become a reality, “Bitcoin ETF is on its way “. Commissioner Robert J Jackson Jr. talked about a Bitcoin ETF being on the horizon during an interview with Congressional Quarterly. It wasn’t slated to be made public until Feb. 11th.
The details of the interview were however leaked. Twitter user Drew Hinkes, from an outfit called Athena Blockchain, relayed the news via twitter.
Jackson told the Congressional Quarterly about how hard it is to get the SEC’s approval when it comes to investment vehicles like exchange-traded funds.
“Getting the stamp of approval from the deepest and most liquid capital markets in the world is hard, and it should be. Once we put the stamp of the United States Securities and Exchange Commission on an investment; once we make it available to everyday mom and pop investors, we are taking risks that Americans can get hurt.”
Jackson also addressed the various Bitcoin-related ETF applications the SEC has received.
“I’m happy to say market participants have begun to come in with ideas. Whether or not we’re going to find one that really protects investors I don’t know, but I do know that that case wasn’t especially close.”