Crypto ETFs on the way

The Securities Act of 1933 and it’s follow up in 1934 appear to be the ETF approval mechanism of choice for Crypto ETF filings.

The merge of crypto and the traditional stock space seems to be moving along just fine. It might be slow for some, but progress is progress. While the graveyard of rejected ETF applications grows, it’s only a matter of time before more approvals start coming to life. Teucrium is on the right track with the SEC after a successful application. This begs the question: is this the right path for future ETFs? They successfully filed under the “33 Act” and the “34 Act.” Previously, the SEC approved all bitcoin futures ETFs under the “40 Act” which regulators feel more comfortable with. The submission under 33 and 34 is an incredible start towards diversity of these types of funds. We can likely expect a rise in submissions.

What else can we expect to see from these applications? Looking to recent history, there was a period early on where the majority of crypto enthusiasts saw regulation as a tumultuous storm looming far in the distance. These official decisions are a new wave of normal. We’ll begin seeing more and more connections between traditional finance and crypto rolling in over the next few years.

The next question: how will this affect price action? It seems the news has settled — which shouldn’t be a surprise. In the current market, it’ll take more than successful submissions to crank the price. However, this seems to be an excellent signal for accumulation. As a long term trader I plan on buying, stuffing it away, and enjoying the ride.