Investors and investment managers have anxiously been awaiting a decision from the Securities and Exchange Commission on the approval of Bitcoin exchange traded funds or ETFs, which would have to be traded on the “exchange” – in other words, on the stock market (and therefore, only during the hours the stock market is open). Right now, cryptos don’t have any such limitations and can be traded anytime.
“Should the price of Bitcoin abruptly plummet on a Saturday, investors in a Bitcoin ETF would theoretically be trapped in that fund until the market opens on Monday. Should it spike, they’d have to wait to trade for a profit,” Fortune reports. So an ETF could turn Bitcoin into a more mainstream option, but could also spell disaster for those trapped in the weekend holding pattern.
Investors eager to hear about that crypto ETF will likely have to wait for awhile. Several companies have filed with the SEC but the Commission has either rejected or delayed its decisions on many of them.
