SEC delays decision on Bitcoin ETF

The SEC has postponed the resolution of the application filed by Direxion Investment for a series of exchange-traded funds that seeks to track the performance of the Bitcoin. On January, the company filed for the Direxion Daily Bitcoin Bear 1X Shares, Direxion Daily Bitcoin 1.25X Bull Shares, Direxion Daily Bitcoin 1.5X Bull Shares, Direxion Daily Bitcoin 2X Bull Shares, and the Direxion Daily Bitcoin 2X Bear Shares. However, the Commission designated September 21, 2018 as the date by which it would either approve or disapprove the proposed rule. The announcement about the delay comes today from an official document published by the U.S. Government Publishing Office.