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Bitcoin-Based Futures ETF Hits Headwinds at SEC
Some people have felt that the Securities and Exchange Commission is delaying the approval of exchange-traded funds (ETFs) relating to Bitcoin (CCC:BTC-USD) and other cryptocurrencies. One report says that there are now 18 applications for Bitcoin and related ETFs on the SEC’s dockets. Some firms are now trying to apply specifically for a futures fund that will have BTC exposure. Bitwise, a crypto fund, recently applied for a futures fund with the SEC, according to online magazine Decrypt. The appeal of a futures contract relates to the SEC’s apparent view that “Bitcoin is a commodity, and commodity futures ... (full story)
