The Securities and Exchange Commission is torn over the bitcoin exchange-traded fund. Maybe it shouldn’t be.
The agency has been sitting on, or perhaps agonizing over, a filing for the first ETF tracking a digital asset. Since the infamous Winklevoss Bitcoin Trust was filed in July 2013, bitcoin has returned an eye-popping 610 percent, while new filings for additional ETFs tracking bitcoin and ether have rolled in. Now, the SEC has announced it is seeking additional public comment.