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SEC Delays Decision on Bitcoin ETF

M. Ali 17 June, 2021 5:23 am Cryptocurrency, Market Update

The U.S. Securities and Exchange Commission (SEC) has delayed for the second time its decision on the first Bitcoin exchange-traded fund (ETF).

VanEck, an ETF and mutual fund manager, proposed an ETF for the world’s largest cryptocurrency and an SEC approval was delayed in April.

The SEC reportedly wants to know whether traders will be able to buy or sell large amounts of Bitcoin without significant market impact.

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