Published On: Mon, Feb 5th, 2018

SEC Continues to Drag Their Feet on Bitcoin ETFs

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The US Securities and Exchange Commission (SEC) continues to drag their feet on approving Bitcoin ETFs, disappointing crypto enthusiasts and investors.
While the world may have seemed to have gone Bitcoin crazy over the last year, the US Securities and Exchange Commission still has not. Many crypto enthusiasts were hoping that the launch of several Bitcoin trading futures would lead to the approval of ETFs, but such hopes have been in vain. The SEC is still dragging their feet on Bitcoin ETFs.

No Approval Yet
A director at the Securities and Exchange Commission, Dalia Blass, sent a letter out last month detailing the agency’s concerns about crypto ETFs. Her words were pretty blunt and to the point. Blass said:
There are a number of significant investor protection issues that need to be examined before sponsors begin offering these funds to retail investors.
Due to the rise in Bitcoin’s price last year, a lot of applications were sent in to the SEC about establishing crypto ETFs. However, the regulatory agency feels that there are quite a few hurdles to overcome before Bitcoin ETFs become reality. In a letter sent out last month, Blass listed 30(!) questions that needed …

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