Once a bitcoin ETF is approved, the price of bitcoin will be $ 44000.

However, it may be too early to ensure the launch of a digital ETF.
The securities and Exchange Commission ( SEC ) has so far rejected two applications from the bitcoin ETF, one submitted by SolidX, and the other by the Winklevoss, which runs Gemini, an American crypto-currency exchange.
In march 2017, the SEC dismissed the Winklevoss ETF proposal, saying that bitcoin, as a digital asset, was not properly regulated overseas without a proper regulatory framework.
The SEC also noted that there is a lack of insurance in the crypto-currency area.
As of July 2018, the cryptocurrency market already has a strict regulatory framework covering anti-money laundering ( AML ) policies and safety standards.
The regulatory framework, such as Japan and South Korea, is arguably better than that of the United States, and Japan is at the top of the G20 in terms of the international standard for crypto-currencies.
In fact, the issue raised by the SEC in march is irrelevant now.
The Chicago board options exchange ( Cboe ) has submitted a fully insured bitcoin ETF to the SEC, so the lack of insurance in the cryptocurrency market is clearly not a problem.
But from the SEC's point of view, as Spencer Bogart, vice chairman of the equity research center at Needham & Co., says, for the SEC to approve any ETF backed by crypto-currencies, then the SEC can not gain any advantage if it succeeds in the U.S. market.
Moreover, if the SEC can not control the problems caused by the ETF, the SEC must also be held accountable.
In February 2017, Bogart said that the SEC had been reluctant to launch a new asset class, so that the bitcoin ETF was about 25 percent likely to receive the SEC's approval.
Bogart said:
" We think it's less than 25 percent.
Because the first thing the SEC sets out in its mission statement is to protect the investors.
From the SEC's point of view, we can imagine that if I worked in the SEC, I approved this ETF, and it went well, nobody would come over and pat me on the back and give me a promotion.
But once it approved it, there would be a lot of money coming in, and if there was a problem, then someone must take a responsibility.
"
The SEC has been sceptical about new asset classes and emerging commodities.
But the SEC recently acknowledged that bitcoin and ethereum are currencies, not securities, the first time the agency has identified the regulatory nature of the two digital assets.
The SEC's endorsement of bitcoin and ethereum will promote the approval of ETF backed by the digital currency.
particularly, if the SEC is to regulate the crypto-currency area properly, they want to promote the growth of innovative projects and crack down on bad actors, and if the SEC likes to, then It will gonna happen
If the bitcoin ETF is approved by the SEC, several experts, including Michael Strutton, Chief Executive of IronWood, said the move could add about $ 84 billion to $ 336bn to the bitcoin market, which could raise the price of the bitcoin to $ 44000. so let's wait and see......