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SEC Delays Ruling on Bitcoin ETF in Blow to Crypto Traders (1)

June 16, 2021, 9:02 PM

U.S. regulators have once again punted their decision on whether to approve a Bitcoin ETF.

The Securities and Exchange Commission said in a Wednesday regulatory filing that it will seek more public comment on a proposal to list a product on Cboe Global Markets Inc. It’s not the first time this year that the SEC has delayed giving an answer to the legions of crypto advocates pushing for a way to trade the largest cryptocurrency in an exchange-traded fund format.

Crypto enthusiasts have long been frustrated by the agency’s reluctance to sign-off on a Bitcoin ETF, a product that could ...