Dan Morehead says investors shouldn't panic over the news

Dan Morehead, CEO of Pantera Capital, calls for calm in light of the delayed SEC decision on Bitcoin ETF saying that investors are 'overreacting'.

Bitcoin fell sharply on Wednesday after the SEC delayed a decision on a proposed bitcoin ETF, which would have been the first of its kind. The move follows the SEC's decision last month to reject a second attempt by Cameron and Tyler Winklevoss, founders of crypto exchange Gemini, to list shares of their own ETF.

I still think it will be quite a long time until an ETF is approved. The last asset class to be approved for ETF certification was copper, and copper has been on earth for 10,000 years.

Dan Morehead, CEO of Pantera Capital

Morehead said that instead of panicking over the ETF news, investors should feel optimistic about Bakkt, the Intercontinental Exchange's cryptocurrency project with partners Microsoft and Starbucks.

Bitcoin

BTC
Price
8,744 USD -0.58%
Volume, 24h
3,497,717,274 USD
0.00%
Marketcap
153,922,072,217 USD
56%
Emission
84%

Related news

ICObox Busted: US SEC Charges ICO Incubator and Founder for Unregistered Offering and Broker Activity

The post ICObox Busted: US SEC Charges ICO Incubator and Founder for Unregistered Offering and Broker Activity written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics The Securities and Exchange Commission has sued ICOBox and its founder Nikolay Evdokimov for both a $14 million token sale (or securities offering according to SEC) and for acting as unregistered brokers for other digital asset offerings.  And The SEC is not pulling any punches – it seeks injunctive relief, disgorgement with prejudgment interest and […] The post ICObox Busted: US SEC Charges ICO Incubator and Founder for Unregistered Offering and Broker Activity written by Richard Kastelein appeared first on Blockchain News - Blockchain News and Opinion - Tokenomics, Cryptoeconomics
Blockchain News

Hot news

By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.