The SEC this month has to approve, deny or delay as many as four Bitcoin-futures ETFs, according to Bloomberg.
Those companies, it says, hold most of their assets in Bitcoin or make most of their money from Bitcoin transactions.
government has raised concerns about the cryptocurrency’s volatility, energy consumption and its role as a vehicle for shady financial activity.
However, SEC Chair Gary Gensler this month said the agency would not pursue an outright ban on cryptocurrencies.
“I anticipate that there will be filings with regard to exchange traded funds under the Investment Company Act,” he continued.