Days after the first bitcoin exchange-traded fund (ETF) was roundly rejected by regulators, this much is certain: digital currency investors remain in waiting for the asset's proper Wall Street debut.
But, how long exactly might this be? And will bitcoin ever see mainstream market acceptance? Those are just some of the lingering questions that the tech's avid supporters, and industry analysts, are now left with.
However, a consensus on sentiment is starting to emerge.
In the aftermath of the SEC's decision, many in the industry are asserting that the rejection was more than just an indictment of the particular proposal. Rather, they argue it was a clear message that further maturation of bitcoin markets is needed before such a product can be offered to retail investors.Read Complete Article