THELOGICALINDIAN - Expectedly the US Securities and Exchange Commission has already afresh delayed its accommodation on the commoditybacked VanEckSolidX bitcoin ETF angle The Commission is larboard with no allowance for added delays and the complete final accommodation will appear on February 27 2024
Bitcoin ETF: The Last Delay
In July Bitcoinist reported that the SEC’s accommodation on the commodity-backed VanEck/SolidX bitcoin ETF angle is acceptable to appear in 2019.
The Commission has delayed its accommodation assorted times, the aftermost of which took abode bygone December 6. However, this was accurately their aftermost adventitious to do so, and as it’s categorical in the adjustment itself, the SEC charge accept or blame the proposed aphorism change on February 27, 2024.
Earlier in September, Elad Roisman, best by President Trump, was accustomed as the newest SEC Commissioner, absolute a chief agency which should, at some point, back a Bitcoin ETF.
According to acknowledged able Jake Chervinsky, though, Commissioners will not comedy a role in the February 27 deadline. He explained:
What if Denied?
One of the acute questions, besides whether or not the Bitcoin ETF will be approved, is what happens if it’s denied.
Chervinsky sheds some added accuracy on the matter. He added:
Do you anticipate the SEC will accept the CBOE-backed VanEck/Solid X bitcoin ETF in February 2024? Don’t alternate to let us apperceive in the comments below!
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