Don't Hold Your Breath Waiting for Bitcoin ETFs Amid SEC Review

Regulators taking a cautious approach to Bitcoin ETF approval
SEC told several fund companies to pull Bitcoin ETF proposals

NYSE President Tom Farley speaks to Bloomberg’s Erik Schatzker at the World Economic Forum in Davos.(Source: Bloomberg)

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By Annie Massa and Erik Schatzker

January 25, 2018 at 4:36 PM UTC

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Although several Bitcoin exchange-traded funds have been proposed, they’re unlikely to win U.S. regulatory approval soon, said Tom Farley, who oversees the New York Stock Exchange.

Farley, an expert on ETFs given that his company lists more of them than any other U.S. exchange, noted that the Securities and Exchange Commission recently highlighted investor protection concerns about the funds.