Bitcoin Slides After SEC Delays ETF Ruling

Bitcoin was down more than 5% on Wednesday, Aug. 8, to $6,505.30 after the Securities and Exchange Commission said it delaying the approval of a bitcoin-related exchange-traded fund that was submitted by investment firm VanEck and financial services company SolidX.  The ETF would be backed by bitcoins rather than futures, and makes it easier for investors looking to get into the cryptocurrency space without actually putting money in bitcoin itself. The two companies originally hoped for a ruling before mid-August.  “The Commission designates September 30, 2018, as…

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