• Cryptocurrency ETFs Are Off the Table for Now, the SEC Says

    6 monthes ago - By Fortune

    The Securities and Exchange Commission has turned down plans by members of two Wall Street trade groups to set up exchange-traded funds for bitcoin and other cryptocurrencies, essentially killing off the idea for now.
    The move was laid out in a letter sent by Dalia Blass, director of the SEC's investment management division, to the Investment Company Institute and Securities Industry and Financial Markets Association. The SEC essentially said there were too many unanswered questions to allow for cryptocurrency ETFs without creating excessive risks for investors.
    The SEC already blocked the...
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