Over $9 billion wiped off bitcoin's value after SEC delays ETF decision

9:32 AM ET Wed, 8 Aug 2018

The price of bitcoin fell sharply on Wednesday. The drop came after the Securities and Exchange Commission postponed its decision on approving a bitcoin exchange-traded fund (ETF) proposed by VanEck and SolidX. This is VanEck's third attempt to push a bitcoin ETF through.