Kevin O’Leary: “To approve the ETF on Bitcoin in the United States, you will need at least 18 months " – Bits Media

Ведущий шоу Shark Tank Кевин О'Лири предположил, that the US SEC may take another one and a half years to approve the Sports ETF on Bitcoin. This requires a crypto -rope, fully complies with SEC requirements.

Chairman of O’leary Ventures Kevin O’liri (Kevin O’Leary) He performed at the Benzinga Fintech Deal Day & Awards, Having discussed the possible approval of cryptocurrency ETF in the United States. O'Leary believes, that for the appearance of these investment products in the American market, Clear rules for regulating cryptocurrencies are needed. Besides, Need a crypto -rope, fully complying with regulatory requirements, for daily confirmation of prices in the spot market.

O’liri noted, that this exchange could become the Coinbase trading platform, Whose shares are traded on NASDAQ. However, now the platform is conducting a trial with the US Securities and Exchange Commission (SEC). In June, the regulator accused Coinbase of the absence of registration as a broker and a clearing agency, as well as in trading unregistered securities. Coinbase is trying to achieve a deviation of the claim, Denying the accusations of the department. However, SEC insists, that only bitcoin is not a security.

Shark Tank star highlighted two obstacles for institutions, investing in bitcoin: Compliance with SEC requirements and round -the -clock trade. He explained, that round -the -clock trade in bitcoin is problematic for institutional investors, since they usually limit their share of participation in any class of assets before 5%. It is easy to carry out daily rebalance with shares, Since markets are closed in 16:00.

“I talked a lot with different organizations regarding bitcoin, And they are all ready to invest in the first cryptocurrency, They are not interested in other tokens. Bitcoin proved, that he is quite liquid, that it can be used to maintain wealth, Therefore, most people consider it a product ", - said O'Leary.

The venture investor also noted, that SEC chairman Gary Gensler (Gary Gensler) will occupy this position again 18 months, Therefore, before the approval of a spotal ETF on Bitcoin can pass for more than a year and a half. O’liri is sure: when the regulator approves cryptocurrency exchange funds, then the demand for BTC will grow sharply.

Earlier, the entrepreneur called for cryptocurrency exchanges to cooperate more closely with regulatory authorities due to the collapse of the FTX exchange. At the beginning of the year, O’liri suggested, that after this incident, other cases of bankruptcy of crypto companies will follow.