The issue of Bitcoin exchange traded funds must have been the most difficult for the SEC the last couple of month. The Commission rejected ETFs, then rejected their own decisions, and the issue hung heavy in the air.
Currently, the SEC is accepting applications in support or against of Bitcoin ETFs. These applications will directly influence the initial 9 ETFs proposed a while ago by a couple of investment firms. The final decision of the Securities and Exchange Commission will be published on the 26th of October, 2018.
— ETF Trends (@ETFtrends) October 8, 2018
The crypto community has different opinions regarding the issue. Some of the still have hope ETFs might get approved, but most of them remain quite sceptical.
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