Bitcoin ETF.

[zloadr12]

Could anyone tell me? why Bitcoin ETF is postponed?

[CryptoBry]

Could anyone tell me? why Bitcoin ETF is postponed?

The long-awaited approval of exchange-traded fund (ETF) by SEC has been postponed again to allow more time for the agency to think about the whole thing. However, many are already saying that there is really a slim chance that ETF can be approved in the near future due to many reasons but on the other hand there are those who are very positive about it.

Here is a quote you might want to read: "The SEC last postponed a decision on both the Bitwise and VanEck/SolidX proposals at the end of March, kicking both to May. The regulator has yet to approve any bitcoin ETFs, though both experts in the space and officials with the agency seem to believe that it’s only a matter of time."

[squatter]

Could anyone tell me? why Bitcoin ETF is postponed?

Concerns over market manipulation -- at least that's the answer provided by SEC chairman Jay Clayton. This is what he said earlier this year:

“What I’m concerned about at the moment is if it can be reasonably demonstrated that the underlying trading is generally not manipulated, it’s happening on reliable venues with good rules and that custody is something we can feel comfortable about.”

Presumably, they want to see global trading volume shift towards regulated jurisdictions and away from entities like Bitfinex, BitMEX, OKEX, etc.