2 years ago
The U.S. Securities and Exchange Commission (SEC) has again delayed decisions connected whether to o.k. oregon cull bitcoin-related speech traded funds (ETFs) from Ark 21 Shares and Teucrium.
In a abstracted filing, the regulator said it’s delaying its decision connected the Teucrium Bitcoin Futures Fund to April 8.
SEC Chairman Gary Gensler reiterated his enactment past autumn for a constrictive people of bitcoin ETFs investing successful futures contracts alternatively than the cryptocurrency itself. Earlier this period it enactment disconnected a determination connected NYDIG’s proposal for a spot bitcoin ETF arsenic good arsenic from Valkryie, Grayscale and Bitwise.
It has besides rejected spot bitcoin ETF proposals from a fig of concern companies, including VanEck, WisdomTree and Kryptoin.
Grayscale is owned by Digital Currency Group, the genitor institution of CoinDesk.
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Michael Bellusci is CoinDesk's crypto payments reporter.
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