US: Bitcoin ETF Applicants “don’t fit the mold” for the SEC, Crypto Exec Says

CNBC

Cryptocurrency bulls have been hopeful that the U.S. securities regulator will grant the first bitcoin exchange-traded fund (ETF) this year — but they’ve been left disappointed by a series of rejections and postponements. Bill Barhydt, chief executive of bitcoin payment start-up Abra, said that’s because, so far, the applicants haven’t fit the financial archetype that the U.S. Securities and Exchange Commission (SEC) is looking for.

image via Shutterstock

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