Bitcoin will usher in several important days in the coming months, and anyone interested in the network should be interested. Based on the results, we are likely to see the recovery of confidence and confidence, as well as another bull market. What are we waiting for?
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September 23 – Bakkt Bitcoin Futures launched
Last week we learned that after a seemingly endless regulatory effort, Bakkt finally got regulatory approval and will launch a physical delivery of bitcoin futures on September 23.
In May of this year, the company was so frustrated with the inaction of the US Commodity Futures Trading Commission (CFTC) that it had self-certified. This gave the CFTC 10 days to raise objections, which obviously required too much. The New York Financial Services Department (NYDFS) recently approved this hosting solution, so all systems are now operational.
This is a big news for Bitcoin, because it opens the door for institutional investors and is a big step in the legalization of the US cryptocurrency industry.
October 13/18 – US SEC ruling Bitwise/VanEck's Bitcoin ETF
The US Securities and Exchange Commission (SEC) is another unhurried regulator that has been slow to make decisions. For more than a year, the SEC's decision on the Bitcoin ETF has been postponed. Some Bitcoin ETF applicants have given up trying, but two have insisted that they know that the SEC can no longer delay.
Ok, this month we will see the end result of these delays, which means that the final decision of Bitwise and VanEck's ETF must be made in October. Bitwise is the first to expire, VanEck is less than a week later, but the SEC may announce the results for the two on the same day.
Of course, this does not mean that both funds will be approved, but if one of them is approved, another obstacle for institutional investors to enter the field may be eliminated again.
October 28th – Mentougou Aftercare Program
Another legend in the Bitcoin world was the hacking and bankruptcy of the MT. Gox exchange in 2014. By October 28 this year, we will see the final plan for this event, because this is the final date for submitting the aftercare plan.
Every time we seem to be close to solving this problem, there will always be another party that comes up with a claim for the money in Mentougou (often false). The most recent such claim came from CoinLab, which the company boldly stated that it suffered a loss of $15 billion.
Seeing the victims of this theft will eventually receive compensation, which will greatly enhance people's confidence in the industry. By the end of October, we should have at least one plan.