Cryptos Tumble As SEC Delays Another Bitcoin ETF Decision

Cryptos Tumble As SEC Delays Another Bitcoin ETF Decision

After a noisy day, cryptos tumbled right as the US equity market closed today following reports that the Securities and Exchange Commission (SEC) has delayed a decision on another proposed bitcoin ETF, pushing its final determination to September 30th 2018.

The entire crypto space was immediately hit lower…

Cryptos Tumble As SEC Delays Another Bitcoin ETF Decision

As CoinDesk notes,  the choice to punt forward a final decision also comes days after SEC commissioners completed a review on a proposed bitcoin ETF from investors Cameron and Tyler Winklevoss, whose multi-year effort was dashed after a majority of the SEC’s commissioners backed up the agency’s original March 2017 decision.

And this second delay has pushed Bitcoin back below $7,000 once again…

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Cryptos Tumble As SEC Delays Another Bitcoin ETF Decision

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