The U.S. Securities and Exchange Commission has said it will review the disapproval orders for nine bitcoin ETFs issued on Wednesday.
The SEC has issued rejections to bitcoin exchange-traded fund (ETFs) proposals from ProShares, GraniteShares and Direxion.
While the market didn't like the SEC's bitcoin ETF delay decision, observers on social media weren't surprised at all.
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.
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.
Despite the rejection of a bid for a bitcoin ETF, the crypto market remains confident other proposals will persevere.
Crypto investment startup Bitwise announced it filed to offer a cryptocurrency exchange-traded fund (ETF) Tuesday.
The crypto universe has spoken. They want an SEC-approved bitcoin ETF and they want it now.