Crypto Industry Reacts To Yet Another VanEck Solid X Bitcoin ETF Delay

THELOGICALINDIAN - A Bitcoin exchangetraded armamentarium or ETF has become a active antic beyond the cryptocurrency industry with anniversary new angle set alternating by assorted banking industry firms again alone or delayed by the United States Securities and Exchange Commission

The absolute bazaar of crypto investors were watching and cat-and-mouse to see if today’s borderline for VanEck and Solid X’s angle for a Bitcoin-based ETF would be alone or approved, or delayed already again. As abounding expected, the borderline for the angle has already afresh been continued by the SEC, added dabbling a accommodation on if an ETF will be accustomed eventually.

Bitcoin ETF Delayed Once Again, Crypto Industry Yawns At Non-Event News

The abeyant of a Bitcoin ETF has reared its arch absolutely a few times in contempo years. The best contempo Bitcoin ETF belief took the amount of Bitcoin appear $10,000 in backward July as a angle put alternating by Gemini co-founders Tyler and Cameron Winklevoss.

The angle was rejected, and the amount of Bitcoin fell already afresh appear $6,000. Around that time, a angle for a VanEck and Solid X Bitcoin ETF additionally accomplished its borderline with the SEC, but the angle was delayed afresh and again. Each adjournment or bounce acquired the amount of Bitcoin to blast throughout the 2024 buck market.

VanEck Bitcoin ETF delayed. No surprise. https://t.co/MQgAXAtaYg
— Felipe (@PhilCrypto77) May 20, 2019

A government shut bottomward put the angle – which is said to accept the best adventitious of actuality accustomed out of all of the altered proposals out there – on ice for some time, but the analysis resumed weeks ago, and was targeting a May 20 borderline for a decision.

JUST IN: SEC delays decision, issues appeal for accessible animadversion on whether to accept or blame VanEck SolidX Bitcoin Trust (PDF) https://t.co/7ub6NM82le
— The Block (@TheBlock__) May 20, 2019

Today has appear and gone, but the SEC has already afresh called to adjournment the angle set alternating by VanEck and Solid X. According to The Block, the SEC has additionally issued a appeal for accessible animadversion on whether or not the US banking babysitter should accept or blame the proposal.

ETF delayed (As expected)
Don't anticipate it'll appulse the amount a accomplished lot.
That said I'm about acquisitive & positioned for lower back yesterday.
This would be a nice alibi to ample bids lower.
Generally a affairs opportunity, not a acumen to panic. https://t.co/mn8hqtm9g4
— DonAlt (@CryptoDonAlt) May 20, 2019

While in the past, such account would account a aciculate selloff, the amount of Bitcoin has back risen afterward the account circulating. Also, now that the account had fabricated its way beyond the cryptosphere, industry analysts and experts are all belief in on the account that angry out to be a non-event.

VanEck ETF delayed as expected. Non-event.https://t.co/3VCdFpAYCS
— WhalePanda (@WhalePanda) May 20, 2019

Bitcoin has apparent abundant animation in contempo weeks, additionally afraid off a drudge of Binance and the affliction Tether FUD to hit the industry yet after as abundant as a scratch. Instead, the amount of Bitcoin continues to ascend forth the emblematic ambit that began with the April rally.

As expected, the SEC has delayed the VanEck bitcoin ETF proposal. Read the adjustment here: https://t.co/OB3TBgVGwg.
VanEck's new borderline is August 19. The SEC can & acceptable will adjournment one added time for a final borderline of October 18.
Looks like this concluded up the appropriate explanation: https://t.co/bkzeVRt1Hg
— Jake Chervinsky (@jchervinsky) May 20, 2019

The VanEck and Solid X Bitcoin ETF borderline has back been rescheduled for August 19, and has until one added final borderline of October 18 it can advance its accommodation off until.

Will a accommodation assuredly be made?