However, a comeback has happened before, and it only takes a few charges for crypto bulls to move forward to new highs.

Related: 4 Blockchain ETFs to Watch in Q2

So will Bitcoin ETFs be here anytime soon?

“The U.S. Securities and Exchange Commission said in January that ‘significant investor protection issues’ needed to be examined before bitcoin-based ETFs could be offered and it also had concerns around how the products would be priced, stored and safeguarded,” reports Reuters.

However, Cboe is urging the SEC to reconsider bitcoin-based ETFs.

“Cboe asked the SEC to evaluate each cryptocurrency fund and underlying cryptocurrency-related holdings on a case-by-case basis,” reports Reuters. “boe asked the SEC to evaluate each cryptocurrency fund and underlying cryptocurrency-related holdings on a case-by-case basis.”

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