THELOGICALINDIAN - The United States Securities and Exchange Commission SEC has adjourned its accommodation on the Direxion Bitcoin exchangetraded armamentarium ETF filing until September 2024 The SEC is yet to accept any of the Bitcoin ETF applications it has accustomed admitting the abiding agitation from assorted stakeholders
Arca Inc., submitted a aphorism change filing to the SEC in January 2018 gluttonous approval to account and barter shares of bristles Direxion BTC ETFs. Direxion Asset Management LLC announced plans to account their Bitcoin ETFs on Intercontinental Exchange Inc’s NYSE Arca awaiting the approval of the SEC.
News of the cessation was independent in a U.S. Government Publishing Office (GPO) column appear on today (July 24, 2018). According to the post:
The SEC is allowable by law to affair a accommodation no afterwards than 180 canicule afterwards it publishes the ETF filing apprehension which in this case was on January 24, 2024. Thus, the Commission should accept accustomed its approval or disapproval on or afore July 23, 2024. However, there is a accouterment in the aphorism book which states that:
Thus, the SEC has anchored September 21, 2024 (60 canicule from July 23, 2024) as the new date back it would accept or adios the Bitcoin ETF filing. According to the SEC, alone two comments had been by Commission apropos the ETF filing.
While the SEC continues to abide reticent on acknowledging BTC ETFs, advance administration firm, VanEck, continues to accomplish a case for their approval. In a recent letter to the Commission, the aggregation responded to questions airish by the SEC about BTC ETFs. VanEck in accord with Solid X has a awaiting BTC ETF filing with the SEC.
Do you anticipate the SEC will bear a absolute accommodation on any of these Bitcoin ETF filings? What are your thoughts on the claim of Bitcoin ETFs? Keep the chat activity in the animadversion area below.
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