Approval for exchange-traded fund would be U-turn for Securities and Exchange Commission
robin wigglesworth
17.12.2017
Bitcoin mania has reignited a race to launch an exchange-traded fund in the US that would track the volatile cryptocurrency.
Approval for such an ETF would be a U-turn for the Securities and Exchange Commission, which in March refused to approve a fund proposed by Cameron and Tyler Winklevoss citing concern that "significant markets for bitcoin are unregulated".