The SEC has already delayed its decision to approve or deny a Bitcoin ETF once this year and is expected to punt again at its next deadline on June 17. Two days before the Invesco filing, there was an application for the Volt Bitcoin Revolution ETF, which would include companies with Bitcoin exposure. “My optimism on Bitcoin ETF approval has waned recently," ETF Store’s Geraci said. “It’s hard to view Gensler’s comments on the current state of the Bitcoin and crypto ecosystem and feel optimistic about the prospects of a Bitcoin ETF anytime soon." Even after a true Bitcoin ETF finally launches in U.S. markets, these crypto-flavored funds could still have appeal, especially in a world obsessed with all things involving blockchain and digital tokens.

Source: Mint June 13, 2021 02:48 UTC