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Expert Analysis

Latest ETF Rejection Further Entrenches SEC's Bitcoin Rift

By Haley Plourde-Cole, Toby Futter and Emily Kapur (June 3, 2020, 5:47 PM EDT) -- In recent years, significant enthusiasm has surrounded the possibility that the U.S. Securities and Exchange Commission might allow an exchange-traded fund that tracks the price of Bitcoin, the world's largest cryptocurrency by market cap. Trading in Bitcoin has purportedly reached billions per day,[1] with significant historic returns, and institutional investors have desired exposure to cryptocurrency without the security complications that arise from holding it directly....

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