Bitcoin Stranded as SEC Chief Indicates Behindhand ETF

Bitcoin was clueless about its direction on Tuesday as the chairman of the US Securities and Exchange Commission (SEC) hinted delays in the launch of the first bitcoin exchange-traded fund.
The BTC/USD instrument was trading 0.65 percent lower at $10,242.60 as of 11:04 UTC. The move downhill extended the pair’s net week-to-date gains by 2.80 percent, as calculated from the local high of $10,541.75, stoking fears of a continued downside action for the rest of this week. Many analysts said t