Securities and Exchange Commission said in a filing Wednesday that the agency is pushing its decision on whether to “approve or disapprove, or institute proceedings to determine whether to disapprove” the structure to June 17.
Optimism has been building that after nearly a decade of efforts, the SEC may finally approve a Bitcoin ETF launch this year.
Bitcoin has skyrocketed 88% so far in 2021, building on last year’s 305% surge.
“They will eventually reach a positive conclusion that will allow for the ETF launch to go forward.