Eric Balchunas, Columnist

Five Reasons the Winklevoss Bitcoin ETF Should Be Approved

A few thoughts for the SEC to ponder.

November 1, 2016 at 10:00 AM UTC

By Eric Balchunas

Eric Balchunas is an analyst at Bloomberg Intelligence focused on exchange-traded funds.

The Winklevoss twins have some public comments of their own.
Photographer: Chris Goodney/Bloomberg

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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.