The possibility of a bitcoin exchange - traded product arriving in the near future has increased further after the US Securities and Exchange Commission ( SEC ) upheld the bitcoin ETFs by Direxion , ProShares , and others . The SEC said although its decision was not based on whether it had " utility or value as an asset or an investment " , not enough had been done to " prevent fraudulent and manipulative acts and transactions " . He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. The decision follows a similar ruling handed to the Winklevoss twins over their bitcoin ETF , while a delayed ruling on a CBOE product is expected on 30th September .
The possibility of a bitcoin exchange - traded product arriving in the near future has increased further after the US Securities and Exchange Commission ( SEC ) upheld the bitcoin ETFs by Direxion , ProShares , and others . The SEC said although its decision was not based on whether it had " utility or value as an asset or an investment " , not enough had been done to " prevent fraudulent and manipulative acts and transactions " . The decision follows a similar ruling handed to the Winklevoss twins over their bitcoin ETF , while a delayed ruling on a CBOE product is expected on 30th September .