THELOGICALINDIAN - The US Securities and Exchange Commission SEC has already afresh delayed its accommodation on VanEckSolid X backed exchangetraded armamentarium ETF
Another Delay
The SEC has already received roughly 1,400 belletrist of animadversion apropos the Van Eck/Solid X Bitcoin ETF proposal. The Commission is gluttonous added ascribe from the public, according to a September 20th filing from the SEC.
Despite the bags of comments, the SEC feels it has not “[…] accomplished any abstracts with account to any of the issues involved.”
The absolution outlines the Commission’s hopes of accepting comments that answer. It reads:
Meanwhile, VanEck administrator Gabor Gurbacs additionally commented on the delay, emphasizing that he’s actual afflicted by the abundant absolute comments accustomed so far. Gurbacs tweeted:
Prospective commenters have 21 canicule acknowledge afterwards the SEC’s adjustment is registered, and those alms a acknowledgment accept 35.
One of the key curve of analysis involves the amount to which Bitcoin [coin_price] is manipulated in affiliation to added commodities, which are acclimated to aback ETFs.
Expect to Wait
The adjournment is not the aboriginal and, as Bitcoinist reported in late-August, the SEC has already attempt bottomward abundant ETF proposals, citation “market manipulation,” which acknowledged able Jake Chervinsky says is the “main concern.”
However, the crypto association has article of an accessory in SEC Commissioner Hester Peirce, affectionately alleged “Crypto Mom.” In aboriginal August, Peirce claimed that there is “no reason” to not let the Bitcoin ETF move forward.
The Van Eck/Solid X angle was initially put alternating beforehand this summer. The abutting borderline for a accommodation is accepted to be appear in the Federal Register anon and accost added comments from the public. Though, Chervinsky expects the SEC to adjourn the accommodation up to the final borderline which is accepted ancient in February/March 2019.
Should an ETF be approved, the armamentarium would be listed on the Chicago Board of Exchange (CBOE).
You can abide your own comments to the SEC here.
What are your thoughts on the continuing ETF delays? Don’t alternate to let us apperceive in the comments below!
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