In their latest decision on the Bitcoin ETF, the department decided to kick the can further down the road, using the same lame excuse of needing to gather more information. On May 20, the SEC delayed its decision on the VanEck bitcoin ETF and added another 35-day period for factfinding. The fact is that the SEC in no rush to take any hasty steps in relation to the approval of the Bitcoin ETF. Speaking of volatility, one major use case for Bitcoin futures among professional traders is that they utilize Bitcoin futures in market neutral strategy. Nonetheless, the major question is how any pending SEC decision could impact the price of Bitcoin in the future?

Source: Forbes May 21, 2019 08:48 UTC