The SEC Is Going to Postpone the Decision About Bitcoin ETF
The crypto market is currently waiting for launch of a new investment tool which will bring the whole industry on a brand new level. For those unfamiliar with the term, ETF is a special exchange fund that will use BTC as a core asset. The fund will most likely attract large flows of money coming from major institutional investors.
Lots of financial experts and cryptocurrency specialists have already expressed their thoughts on the issue. For example. the creator of Ethereum Vitalik Buterin claimed that in his opinion there are way more important pressing problems in the cryptocurrency world than Bitcoin ETF.
The first proposal of the ETF appeared back in June, however, the Securities and Exchange Commission used its authority to postpone its decision on it until the 30th of September. The official announcement claims that the SEC finds it “appropriate to designate a longer period” to consider the issue thoroughly.
According to the specialist Jake Chervinsky, the decision on Bitcoin ETF will be taken only in the March of 2019.
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