that's because, so far, the applicants haven't fit the financial archetype that the U.S. Securities and Exchange Commission (SEC) is looking for.
anyone how can us to improve to get ETF? or crypto valueble is the technology not the coin are giving out..
Hope is still exist, SEC doesn't prohibit bitcoin projects to applying ETF. But the problem is, the approval gonna take long time.
Just like now, SEC has postponed the approval of bitcoin ETF several times. Honestly i don't know it they gonna approve or not.