"The comment goes on to show how the two markets that are relevant to the Trust – referred to by the Commission as the 'regulated markets of significant size' – are the CME bitcoin futures market and the spot market composed of the five constituent exchanges from which pricing for the CME CF BRR is determined," he said.
Interesting article about how the SEC is putting off a decision on Wilshire Phoenix’s Bitcoin ETF Proposal. No surprise here, they put these decisions off as long as possible, then reject them, lol. I really don't think crypto needs any of these ETFs, adoption will come no matter what. I certainly don't need the SECs stamp of approval to invest in something. Hopefully one day the crypto market won't care what governments think.....
Read the full story here....
https://www.coindesk.com/sec-punts-decision-on-wilshire-phoenixs-bitcoin-etf-proposal-to-february
