Compound General Counsel: Almost sure Wilshire Phoenix Bitcoin ETF will be rejected No Bitcoin ETF approved in 2020

On February 19, Compound's general counsel Jake Chervinsky tweeted that the deadline for the SEC to make a decision on the Wilshire Phoenix Bitcoin ETF is February 26. Despite the crazy premium on the GBTC (Grayscale Bitcoin Trust), it is almost certain that the Wilshire Phoenix Bitcoin ETF will be rejected. This is the only Bitcoin ETF proposal yet to be approved, as Bitwise and VanEck will take a short break. Jake Chervinsky speculates that there will be no ETF in 2020.