US SEC expected to drag its feet on new wave of crypto ETFs | Reuters

Yet the SEC remains uncomfortable with cryptocurrencies and complex exchange-traded products, and lawyers and industry sources said they expect the agency to move cautiously. The legal status of ether is also ambiguous, they noted.

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James Angel, associate professor of finance at Georgetown University, said the SEC would likely avoid outright rejection of applications, which could invite a legal challenge.

“I think they will look for every possible detail or excuse they can to delay the process,” he added.

There is no clear process for SEC approval of options on the bitcoin ETFs, which have usually been approved days after an ETF launch, so approval could take months going forward, Reuters reported this month.

Source: US SEC expected to drag its feet on new wave of crypto ETFs | Reuters