Many cryptocurrency investors and entrepreneurs have anxiously awaited a green light from the U.S. Securities and Exchange Commission for the first bitcoin exchange-traded fund (ETF). A bitcoin ETF would bring more products to Wall Street and give institutional investors more direct access to an asset class they are clearly very enthusiastic about in 2019. Crypto capitalists like Cameron and Tyler Winklevoss even say they welcome the scrutiny of the SEC as well as institutional and federal regulation and oversight. But the SEC has rejected every bitcoin ETF application it has ruled on so far. SEC Chair Jay Clayton Wary of
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