Optimism Rises Despite Likely ETF Delays

[Ozark]

Optimism has been growing concerning SEC approval for proposed Bitcoin ETFs. However, further delays for a final decision are probably going to occur.

In August, the regulatory body rejected nine proposed ETFs, but seemingly reversed course on many of them, announcing they would take a second look at two ProShares ETFs, one from GraniteShare, and five from Direxion.

Now the regulatory agency is looking for public comments either in support of or against the proposed ETFs. These comments will be required to be submitted by October 26th so they can be apart of the SEC’s decision-making process.

Some experts think the solicitation of public comments is a good sign for those hoping for approval. More here.