SEC postpones ruling on SkyBridge Capital’s proposed Bitcoin ETF

Yuuji/E+ via Getty Images Bitcoin (BTC-USD) advocates will have to continue to wait as the U.S. Securities and Exchange Commission has extended its review and has delayed SkyBridge Capital’s submission for a bitcoin exchange traded fund to mid-August. SkyBridge Capital presented an application to the SEC back on May 6th to list the First Trust SkyBridge Bitcoin ETF Trust, and the SEC has now delayed their decision to August 25th. While the U.S. Securities and Exchange Commission has been unwilling to budge in pushing through the first U.S. based bitcoin ETF, issuers are still lined up, waiting for the chance to be the first. Moreover, crypto supporters continue to build their case on why a bitcoin ETF will benefit the investment community. Bitcoin so far into Thursday’s trading session is -6.17% and is +13.68% year-to-date. Thanks to signs of widespread adoption of bitcoin, including El Salvador making the crypto legal tender and its acquisition by institutional investors, Anthony