FX Empire Features Bitcoin IRA

PMBC Group’s client, BitcoinIRA.com, was featured on FX Empire.

Bitcoin ETFs: Three Reasons Why a Positive SEC Decision Would be a Game Changer for the Crypto Space

In late June, a major news item buzzed throughout the crypto world: the CBOE had filed an application with the SEC to open the world’s first Bitcoin Exchange Traded Fund (ETF). Largely enthusiastic comments began pouring into the SEC website, with many focusing both on the potential benefits of a Bitcoin ETF as well as the importance of adapting to a constantly evolving marketplace.

Let’s face it: the ever-changing world of cryptocurrency is complicated even for those of us who work in the crypto space. For newcomers to the sector, it can be downright daunting. To buy and sell cryptocurrency now, investors need to deal with cryptocurrency exchanges, as well crypto wallets, both of which can be complex and confusing, and if chosen unwisely, can lead to security risks. In addition to all of this, investors face concerns regarding lack of insurance protection and crypto custodianship in the space.

“By some estimates, there is $10 billion of institutional money waiting on the sidelines to invest in digital currency today,” Co-Founder and CEO at Coinbase Brian Armstrong said in a blog post last year. The primary item that he claimed was preventing institutional investors from getting involved was “the existence of a digital asset custodian that they can trust to store client funds securely,” before introducing the launch of Coinbase Custody.

To read the full article, click HERE.