A Deutsche Bank analyst said customers increasingly prefer bitcoin over gold as their hedge of choice. A markets surveillance tool could meet the SEC’s standards to allow a bitcoin ETF. FATF thinks existing financial precautions may be unfit for the rising world of DeFi.
Solidus Labs has developed a market surveillance tool it says could become a cornerstone to a bitcoin ETF … one day. For years, the SEC has rejected every bitcoin exchange-traded fund proposal it has seen due to concerns the market is too small to properly monitor, locking out a class of investors that primarily use traditional investment platforms. Solidus’ new tool hopes to solve this issue, by collecting data from a number of crypto service providers and acting as a sort of intermediary for the information, thereby presenting a more complete view of the bitcoin market.
Bitcoin > gold
A Deutsche Bank analyst said customers increasingly prefer bitcoin