The SEC Will Decide on 9 Bitcoin ETFs in the Next 2 Months
The SEC is set to make final decisions on nine proposed bitcoin exchange-traded funds (ETFs) in the next two months.
The cryptocurrency markets are so far stable after Cbeo withdrew its ETF proposal with the SEC on Wednesday.
The SEC has issued rejections to bitcoin exchange-traded fund (ETFs) proposals from ProShares, GraniteShares and Direxion.
The bitcoin market isn't mature enough to support an ETF, said the SEC in its latest rejection of the concept. So what now?
The distinction between a physical and futures-backed ETF is worth unpacking given that one may or may not have a better shot at SEC approval.
While the market didn't like the SEC's bitcoin ETF delay decision, observers on social media weren't surprised at all.