Bitcoin ETF Fast Track Derailed by SEC Liquidity, Safety Worries
- Plans for 12 crypto ETFs, 2 mutual funds withdrawn this week
- Firms are said to pull their applications at request of SEC
Bitcoin Beliefs: Jamie Dimon and Mike Novogratz
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The next step in the bitcoin revolution will take a bit longer than some anticipated.
The U.S. Securities and Exchange Commission has slammed the brakes on a dozen bitcoin exchange-traded funds and two cryptocurrency mutual funds since Jan. 8, making the week a watershed for Washington pushing back on the investment craze of the moment.