10 years later, nonetheless no Bitcoin ETF — however who cares?

The primary spot exchange-traded fund (ETF) utility, filed in July 2013, was denied in each 2017 and 2018. A decade has handed since that preliminary utility, and the Securities and Trade Fee has rejected greater than a dozen extra purposes and repeatedly punted the date for deciding on others.

The ETF saga’s newest iteration noticed Bitcoin (BTC) soar greater than 6% as business advocates celebrated a courtroom ruling that affirmed what we already knew — that the SEC’s rejection of Grayscale’s ETF utility was “arbitrary and capricious.” This was, after all, adopted by the SEC delaying its determination on all seven pending Bitcoin ETFs, and a subsequent value drop.

Proceed Studying on Coin Telegraph