08.14.19
SEC Delays Cryptocurrency ETF Decisions, Citing Market Concerns
by: Vildana Hajric; Olivia Rinaldi
The SEC has again delayed a decision on approving two Bitcoin exchange-traded funds (ETFs), dealing another blow to those in the cryptocurrencies community holding on to the belief that a favorable decision was imminent. The regulator postponed until October a ruling on whether listing rules can change to allow the two funds to start trading. Decisions on both the Bitwise Bitcoin ETF Trust, which wants to track the 10 largest digital tokens, and the VanEck SolidX Bitcoin Trust have been repeatedly pushed back. SEC Chairman Jay Clayton has indicated he remains worried about theft and manipulation on exchanges.
Read the full article on Bloomberg