Former CFTC Chairman recommends Bitcoin ETF to investors and regulators By BTC Peers – Investing.com
- Date: 09-Jul-2021
- Source: Investing.com
- Sector:Financial Markets
- Country:Middle East
Former CFTC Chairman recommends Bitcoin ETF to investors and regulators By BTC Peers – Investing.com
Timothy Massad, the former chairman of the Commodity Futures Trading Commission (CFTC), has suggested that a 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.
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