CEO of a financial advisory firm: "Bitcoin ETF is a matter of time" sharing views on the cryptocurrency industry
Financial Engines' CEO shares views on the cryptocurrency industry
Ric Edelman, founder and chairman of Financial Engines, appeared on CNBC and spoke about the timing of Bitcoin ETF approvals, the challenges Bitcoin ETFs face, and their solutions.
During the program, Mr. Edelman said the following, emphasizing the claim that “Bitcoin ETFs will definitely become a reality.”
CNBC
The SEC has several concerns that the industry must overcome.
However, I am confident that solutions to those concerns will be found.
Bitcoin ETFs will eventually become a reality. When that happens, enormous amounts of funds will flow into the market, including retail investors.
According to him, in terms of Bitcoin ETFs and their regulation, the SEC places particular emphasis on the following two points:
- Custody
- Pricing formation process (difficulty of price manipulation)
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