Long-awaited bitcoin ETF could finally get approved this year, market analyst says

Another year, another filing.A bitcoin-based exchange-traded fund could see the light of day in 2021 after a changing of the guard at the Securities and Exchange Commission and some promising developments in the corporate arena, Jeff Kilburg, founder and CEO of KKM Financial and a partner at Valkyrie, told CNBC on Monday.At least 10 firms have filed and failed to gain approval for the long-awaited product, with the SEC frequently citing security concerns and the market's immaturity as reasons for its denials."It's a similar approach to the way I strategically asked my wife to marry me. Around the 15th or 20th time I asked, she finally said yes," Kilburg told CNBC's "ETF Edge."With bitcoin soaring to record highs on newfound interest from Tesla and other major companies and the CME Group launching ethereum futures this week, the cryptocurrency space is getting the validation the SEC needs to see, Kilburg said."I…

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