⏲️ The SEC postpones decision on Bitwise and VanEck Bitcoin ETF proposals

The SEC said today that it will “either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change” by May 16, 2019. While the SEC has not yet approved any bitcoin ETFs, prominent voices in the community believe it may happen this year. Attorney Jake Chervinsky of the Kobre Kim law firm said that in his opinion, “it’s entirely possible that another few months of development in the cryptocurrency ecosystem could be enough to finally warrant approval of a bitcoin ETF.”