Bitcoin ETFs remain one of the hottest topic of this summer and early autumn so far. It seems like the SEC does not actually know what to do with this situation. The Commission has first turned down the Winklevoss’ proposal, then the others, after that it decided to review its harsh decision.
Although, the official decision will finally be released on the 30th of September, most experts do not see a good outcome for the ETFs.
The creator of the cryptocurrency project Abra did an interview with CNBC, where he stated his reasons for why the SEC is most likely going to turn down the ETFs.
“I think the issue with the SEC, quite frankly, is that the people who are doing the applications don’t fit mold of who the SEC is used to approving,” he said.
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