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Bitcoin ETF Delayed Again, but Wall Street Already Has Its On-Ramps
On August 13, 2019, news broke that the U.S. Securities and Exchange Commission (SEC) has put three bitcoin exchange traded funds (ETFs) on the regulatory backburner. The SEC has delayed decisions on filings by VanEck/SolidX, Bitwise Asset Management and Wilshire Phoenix until October 18, October 13 and September 29 of this year, respectively. On these dates, the SEC will have to either accept or reject the filings. History has not been kind to bitcoin ETF filings, as more than a dozen have been pulled by their sponsors or scrapped by the SEC since 2013. With each failed attempt, the SEC rehashes the usual arguments ... (full story)
