SEC defers decision on Wilshire Phoenix’s Bitcoin US Bond ETF to 2020

Wilshire Phoenix’s Bitcoin US Bond ETF is once again in limbo! The Securities and Exchange Commission (SEC) has put on hold an ETF proposal by the Wilshire Phoenix. The commission deferred a decision regarding an ETF comprising U.S. Treasury bond and Bitcoin. If allowed, this would be the first-of-a-kind ETF that will link US bonds to a digital asset like Bitcoin. As per the official announcement, the SEC will further evaluate the proposal and study its details. The fate of the proposal will now be decided by the commission 26th February 2020. Approval of a Bitcoin US bond ETF is