William Cai, the co-founder of investment firm Wilshire Phoenix, is the latest person to cast doubts on the possibility of a Bitcoin (BTC) ETF approval in the United States in 2021.
Speaking to Business Insider, Cai remarked that a Bitcoin ETF in 2021 is unlikely as he offered 2022 and 2023 as the earliest possible estimate for the Securities and Exchange Commission (SEC) to greenlight a BTC ETF.
Several Bitcoin ETF hopefuls currently have filings with the SEC, including fund management outfit Global X submitted earlier in…
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