Crypto ETF advocates face SEC resistance despite strategic shift

Crypto ETF advocates face SEC resistance despite strategic shift – BNN Bloomberg

After years of delays and false signs of progress, asset managers looking to start the first cryptocurrency exchange-traded fund are heading back to the drawing board. Van Eck Associates Corp. — once seen as a frontrunner — shelved its plans for a Bitcoin ETF earlier this month, leaving just two contenders seeking approval from the U.S.