‘Arcane’ SEC Rules May Kill Chances of Bitcoin ETF in 2019: Crypto Mom

2019-2-13 18:27

The chance of a Bitcoin exchange-traded fund (ETF) gaining approval this year is slipping away.   Securities and Exchange Commissioner Hester Peirce yet again downplayed the prospect of a Bitcoin ETF on Tuesday.

Known as “Crypto Mom” for her unwavering support for bitcoin, she blamed “arcane rules” at the Securities and Exchange Commission (SEC) for the long delay. Speaking at an event at the Bipartisan Policy Center, she said: “e have applications. … those are subject to a very specific time frame where we have to act within a certain amount of time, and so that’s what it’s going to depend

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Bitcoin slips below $67k as ETF outflows curb risk appetite

Key takeaways BTC is down 2%, erasing the recovery earlier this week, US-listed spot ETF recorded an outflow of $173.73 million on Wednesday, breaking its two days of inflow this week. Bitcoin faces continued losses amid weaker institutional demand Bitcoin (BTC) prices continued to decline on Thursday, trading below $67,000, almost completely erasing the recovery […] The post Bitcoin slips below $67k as ETF outflows curb risk appetite appeared first on CoinJournal.

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