Bitcoin ETFs still a mirage as SEC delays decision yet another time

The US Securities and Exchange Commission (SEC) is still not keen on approving Bitcoin exchange-traded funds (ETF). In a document published on May 20, the watchdog revealed it has delayed making a decision on an ETF proposal put forth by the VanEck SolidX Bitcoin Trust. Instead, the SEC “is instituting proceedings” to determine whether it should approve the filing. For the record, such institution of proceedings does not “indicate” the commission has “reached any conclusions.” Rather, it’s simply a call for more input from interested parties. “Interested persons are invited to submit written data, views, and arguments regarding whether the proposal…

This story continues at The Next Web

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