What to Make of the SEC’s Latest Bitcoin ETF Rejection
The bitcoin market isn't mature enough to support an ETF, said the SEC in its latest rejection of the concept. So what now?
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CEO Ed Tilly told Bloomberg Thursday Cboe has not "given up" on bitcoin futures despite prior aborted attempts in the space.
The fast-growing Purpose Bitcoin ETF was projected to hit $1 billion by the end of this week, but as of Friday the assets were less than $700 million.
3iQ has received regulatory clearance for the dual listing of its bitcoin ETF on Nasdaq Dubai.
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.
The SEC will approve or reject Wilshire Phoenix's bitcoin and U.S. Treasury ETF proposal next year.
ETF
