Institutional Investors Seek Alternatives as the SEC Stalls Bitcoin ETFs

[kreslik.news]

Earlier this year, Bitcoin bull Mike Novogratz said that “a herd of institutional investors” was headed straight for the cryptosphere. He was right. A growing number of banks and other financial institutions have shown public interest in the blockchain space.

However, the cryptosphere has received a series of harsh blows from the United States SEC in the form of rejected applications for Bitcoin ETFs (exchange traded funds.)

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Indeed, the possibility of a Bitcoin ETF has stirred quite a bit of hope for the future of Bitcoin and the cryptocurrency markets.  In ... (read more)