Bloomberg Law
March 18, 2019, 9:30 AM

Bitcoin ETF Advocacy Wanes as SEC Looks at Proposal Again

Andrew Ramonas
Andrew Ramonas
Securities Regulation Reporter

The rush to tell the SEC to approve a first-of-its-kind exchange-traded fund based on bitcoin appears to be over.

The Securities and Exchange Commission so far only has published seven letters from the public on a bitcoin ETF proposal since the agency started soliciting feedback on it again in February, according to SEC records Bloomberg Law reviewed March 14. All but one showed concern about the plan, which received hundreds of letters in support in response to previous requests for comment.

The SEC asked for more input on a potential bitcoin ETF from financial technology company SolidX Partners Inc. and ...