THE SEC PUNTS ON BITCOIN ETFS AND WILL NEVER PERMIT THEM

The U.S. Securities and Exchange Commission (SEC) is delaying its decisions on whether to approve or kill three new bitcoin ETFs.

The bitcoin ETF offerings from VanEck, Bitwise, and United States Bitcoin and Treasury Investment have each been under consideration for months, and the SEC is pushing its decision out to the maximum amount of time permitted under federal regulations.

The SEC has not given any reason for the delay on the bitcoin ETFs, nor is it required to. However, we can surmise what’s going on inside the Commission.

Reference: https://www.ccn.com/the-sec-punts-on-bitcoin-etfs-and-will-never-permit-them/

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