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

The primary spot exchange-traded fund (ETF) software, filed in July 2013, was denied in each 2017 and 2018. A decade has handed since that preliminary software, and the Securities and Change 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) bounce greater than 6% as trade advocates celebrated a courtroom ruling that affirmed what we already knew — that the SEC’s rejection of Grayscale’s ETF software was “arbitrary and capricious.” This was, after all, adopted by the SEC delaying its determination on all seven pending Bitcoin ETFs, and a subsequent worth drop.

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