Excerpt from US News quoting DataTrek’s Nick Colas:
….. “In August, the U.S. Securities and Exchange Commission rejected nine cryptocurrency exchange-traded fund proposals from ProShares, Direxion and GraniteShares. The SEC has yet to approve any cryptocurrency funds for major listings on U.S. exchanges due to concerns about market liquidity and investor safety.
While the bitcoin cash fork certainly spooked the market, DataTrek Research co-founder Nicholas Colas says there is evidence fundamental enthusiasm for bitcoin has waned, at least for now. “Bitcoin wallet growth actually slowed in October, and Google search trends remain in the cellar,” Colas says. “This group will eventually experience a renaissance, but for now it remains in the dark ages”….
Read the whole article here in US News!