Securities and Exchange Commission Chairman Jay Clayton said that agency is closer to approving a cryptocurrency ETF that would let retail investors invest in bitcoin through mainstream brokerage accounts.
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Analyst says bitcoin’s wild June volatility dooms SEC approval of ETFs anytime soon
Arca Chief Investment Officer Jeff Dorman called last month’s price volatility brutal and unprecedented
Arca Chief Investment Officer Jeff Dorman said in a note on July 2 that after a “brutal [June] with unprecedented volatility,” the U.S. Securities and Exchange Commission (SEC) is unlikely to approve cryptocurrency index funds (also known as exchange-traded funds) anytime soon.
