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2018 was a year of ups and downs with very few high points and a ton of lows, far too many for the less-than-frequent flyer. When investors, analysts, enthusiasts, and economists look back at why crypto got such a kick in the privates the last few months, you almost inevitably hear the two words “Bitcoin ETF” thrown into the mix.

Besides the hard forks, the government bans, the scams, hacks, and reprimanded ICOs, it seems that the SEC’s failure to approve Bitcoin ETF after Bitcoin ETF is one of the main reasons institutional investors remain at the gates and crypto.

But while we place so much focus on a Bitcoin ETF being the Holy Grail to mass adoption, one has to ask the question–will an approved Bitcoin ETF make much difference to the market anyway?

According to David Reischer, Esq. Attorney & CEO of LegalAdvice.com, an approved Bitcoin ETF in 2019 is key to kickstarting the market. He says:

“As an attorney involved in the Bitcoin space the most significant factor to affect Bitcoin price, in the long run, is the proposed Bitcoin ETF. If the SEC approves an ETF for Bitcoin in 2019, specifically the pending VanEck/Solid X application for a Bitcoin ETF, it could revolutionize the banking industry.”

What’s so important about the VanEck and Solid X Bitcoin ETF? The fact that it’s backed by a reserve asset of actual bitcoins and is also insured. This means that the institutional money that failed to find its way into crypto from the likes of CME and CBOE would finally flow in.

“The risks of Bitcoin price going lower even if the SEC approves the Bitcoin ETF is minimal because many sophisticated investors would accept that risk and rush in head first to buy a Bitcoin ETF if it is granted approval by the SEC. There is a huge appetite right now among sophisticated money managers to allocate capital into crypto-related instruments.”