Rejection Aside, Calls for a Bitcoin ETF Are Only Escalating
Despite the rejection of a bid for a bitcoin ETF, the crypto market remains confident other proposals will persevere.
The SEC is set to make final decisions on nine proposed bitcoin exchange-traded funds (ETFs) in the next two months.
The U.S. SEC has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month.
While the market didn't like the SEC's bitcoin ETF delay decision, observers on social media weren't surprised at all.
SEC officials huddled with stakeholders last week on a proposed bitcoin ETF.
While bullish on bitcoin's long-term prospects, an economist and investor heeds caution for more short-term price optimism.