A known scientist in the field of cryptography Nick Szabo expressed his opinion regarding the issue of Bitcoin ETF approval. He believes that problems caused by cryptocurrency traded funds can be more numerous than advantages.
I for one am not lobbying for an ETF or for Wall Street-managed money in general. It might cause more problems than it's worth. The recent sell-off by dumb money has or soon will deprecate many opinionated know-nothings in this space. We don't need new ones to take their place. https://t.co/s7OxZt9IrJ
— Nick Szabo (@NickSzabo4) August 12, 2018
We remind you that the topic of exchange traded funds operating with the help of Bitcoin is one of the most discussed in the crypto community. The US Securities and Exchange Commission (SEC) is currently considering nine applications for the registration of Bitcoin ETF.
We reported that the SEC once again postponed the Bitcoin ETF decision until September 30 of this year.
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