The U.S. SEC will give its final say on cryptocurrency-based exchange-traded funds (ETFs) by February 27, 2019.
The U.S. Securities and Exchange Commission (SEC) has said that it wants to see cryptocurrency markets, including exchanges, take steps to protect investors from manipulation if exchange-traded funds (ETF) are to be approved.
U.S. SEC Chairman Jay Clayton said he would like cryptocurrency markets to adopt traditional financial tools before approving crypto-based ETFs.
The U.S. Securities and Exchange Commission has no jurisdiction to look at the underlying asset—in this case, BTC—when considering whether to approve a rule change proposal for an ETF, according to Commissioner Hester Peirce.
The U.S. Securities and Exchange Commission has delayed its decision on whether to approve five BTC-related exchange traded funds (ETFs) until September.
More Bitcoin exchange-traded funds are reportedly closer to being listed on NYSE Arca, the first all-electronic exchange in the United States.