, etc.
So far, the U.S. Securities and Exchange Commission (SEC) has delayed six applications for a Bitcoin ETF. The ETFs under consideration are proposed by Fidelity, WisdomTree, Valkyrie, VanEck, Bitwise, Invesco and Wilshire Phoenix, among others.
BlackRock is rumored to be the next company to file its ETF application with the SEC. BlackRock, the world’s largest asset manager, has been expanding its crypto offerings over the past few months. In April it filed two bitcoin-related ETFs, followed by two Ethereum-based ETFs in May. It is also rumored to be launching a cryptocurrency trading desk soon.
The SEC has yet to give its approval to any of the proposed ETFs. So far, it has delayed their consideration for “further review”. This has been a major point of concern for many in the crypto community, as an ETF could potentially bring more institutional money into the space and help it gain greater legitimacy. Until the SEC decides to approve the ETFs, it is unlikely that we’ll see any major changes in the state of the cryptocurrency market.
