SEC Postponed Decision on Bitcoin-ETF from Wilshire Phoenix Again
The US Securities and Exchange Commission postponed the decision date regarding the launch of the Bitcoin ETF at the request of Wilshire Phoenix. The new regulator`s deadline is February 26, 2020. Important to note is that Wilshire Phoenix's application is unique, the fact is that their business model states that the assets will be partially supported by securities of the United States Department of the Treasury. This can protect investors preventing the increased volatility of Bitcoin given constant rebalancing. To date, SEC employees have not yet approved none of the Bitcoin ETFs applications.