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  4. Former CFTC Chairman recommends Bitcoin ETF to investors and regulators
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Former CFTC Chairman recommends Bitcoin ETF to investors and regulators

Timothy Massad, the former chairman of the Commodity Futures Trading Commission (CFTC), has suggested that a Bitcoin exchange-traded fund (ETF) will favor investors and...
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Former CFTC Chairman recommends Bitcoin ETF to investors and regulators © Reuters Former CFTC Chairman recommends Bitcoin ETF to investors and regulators

Timothy Massad, the former chairman of the Commodity Futures Trading Commission (CFTC), has suggested that a Bitcoin exchange-traded fund (ETF) will favor investors and regulators.

For the uninitiated, a Bitcoin ETF mimics the price of the digital currency, allowing investors to buy into the digital asset without trading or storing Bitcoin itself.

According to Bloomberg, Massad urged the Security and Exchange Commission (SEC) to adopt a Bitcoin ETF that would improve the rapidly growing cryptocurrency industry.

The next best thing, then, is for the SEC to approve an ETF conditionally in a way that would enhance transparency and integrity in the industry.
Despite his recommendation, the former chairman admits that the chances of this happening in the short term are slim.

Although it would be best to see such ETFs approved only after Congress has strengthened crypto regulation generally, the likelihood of that happening in the near future is low.
Todd Rosenbluth, the head of ETF and mutual fund research at CFRA asserted that a Bitcoin ETF is at least one year away while speaking to CNBC in April.

We think we're likely to see one in the coming year or two, but we don't have a firm timeframe as to when the answer would be yes.

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01-05-2024 10:45:17 (UTC+7)

EUR/USD

1.0658

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Summary

↑ Sell

Moving Avg:

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EUR/USD

1.0658

-0.0008 (-0.07%)

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↑ Sell

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Buy (2)

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GBP/USD

1.2475

-0.0015 (-0.12%)

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USD/JPY

157.91

+0.12 (+0.07%)

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↑ Buy

Moving Avg:

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AUD/USD

0.6469

-0.0003 (-0.05%)

Summary

Neutral

Moving Avg:

Buy (10)

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Indicators:

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USD/CAD

1.3780

+0.0003 (+0.03%)

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↑ Buy

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Buy (12)

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Buy (7)

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EUR/JPY

168.32

+0.10 (+0.06%)

Summary

↑ Buy

Moving Avg:

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Indicators:

Buy (9)

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EUR/CHF

0.9808

+0.0001 (+0.01%)

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Gold Futures

2,295.80

-7.10 (-0.31%)

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Silver Futures

26.677

+0.023 (+0.09%)

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Copper Futures

4.5305

-0.0105 (-0.23%)

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↑ Buy

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Crude Oil WTI Futures

81.14

-0.79 (-0.96%)

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Brent Oil Futures

85.62

-0.71 (-0.82%)

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Natural Gas Futures

1.946

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US Coffee C Futures

213.73

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Euro Stoxx 50

4,920.55

-60.54 (-1.22%)

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S&P 500

5,035.69

-80.48 (-1.57%)

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DAX

17,921.95

-196.37 (-1.08%)

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FTSE 100

8,144.13

-2.90 (-0.04%)

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Sell

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Indicators:

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Hang Seng

17,763.03

+16.12 (+0.09%)

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↑ Sell

Moving Avg:

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Sell (6)

US Small Cap 2000

1,973.05

-42.98 (-2.13%)

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IBEX 35

10,854.40

-246.40 (-2.22%)

Summary

Neutral

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BASF SE NA O.N.

49.155

+0.100 (+0.20%)

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Bayer AG NA

27.35

-0.24 (-0.87%)

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Allianz SE VNA O.N.

266.60

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Adidas AG

226.40

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Deutsche Lufthansa AG

6.714

-0.028 (-0.42%)

Summary

Neutral

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Siemens AG Class N

175.90

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Deutsche Bank AG

15.010

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Summary

Neutral

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Sell (2)

 EUR/USD1.0658↑ Sell
 GBP/USD1.2475↑ Sell
 USD/JPY157.91↑ Buy
 AUD/USD0.6469Neutral
 USD/CAD1.3780↑ Buy
 EUR/JPY168.32↑ Buy
 EUR/CHF0.9808Neutral
 Gold2,295.80↑ Sell
 Silver26.677↑ Sell
 Copper4.5305↑ Buy
 Crude Oil WTI81.14↑ Sell
 Brent Oil85.62↑ Sell
 Natural Gas1.946↑ Sell
 US Coffee C213.73↑ Sell
 Euro Stoxx 504,920.55↑ Sell
 S&P 5005,035.69↑ Sell
 DAX17,921.95↑ Sell
 FTSE 1008,144.13Sell
 Hang Seng17,763.03↑ Sell
 Small Cap 20001,973.05↑ Sell
 IBEX 3510,854.40Neutral
 BASF49.155↑ Sell
 Bayer27.35↑ Sell
 Allianz266.60↑ Sell
 Adidas226.40↑ Sell
 Lufthansa6.714Neutral
 Siemens AG175.90↑ Sell
 Deutsche Bank AG15.010Neutral
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Cập nhật 01-05-2024 10:45:19
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RON 95-V25.44025.940
RON 95-III24.91025.400
E5 RON 92-II23.91024.380
DO 0.05S20.71021.120
DO 0,001S-V21.32021.740
Dầu hỏa 2-K20.68021.090
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USD25.088,0025.458,00
EUR26.475,3627.949,19
GBP30.873,5232.211,36
JPY156,74166,02
KRW15,9219,31
Cập nhật lúc 10:45:15 01/05/2024
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