Nearly 10 months into 2018 and one thing is clear regarding bitcoin ETFs: U.S. regulators continue raising issues that prevent these products from coming to market. Despite the lack of approval for bitcoin ETFs in the U.S., some crypto market observers remain hopeful bitcoin ETFs will eventually come to life.
Earlier this month, the Securities and Exchange Commission (SEC) set Friday, Oct. 26, 2018 as the deadline for public comments on nine applications from various issuers looking to launch bitcoin exchange traded funds.
Earlier this year, the SEC rejected the applications, preventing the digital currency from gaining more acceptance from investors who are wary of the unregulated exchanges of cryptocurrencies. The SEC’s Division of Trading and Markets rejected applications from investment firms ProShares, Direxion and GraniteShares.
Source/More: Hope Springs Eternal For Bitcoin ETFs | ETF Trends