THELOGICALINDIAN - The US Securities and Exchange Commission SEC has delayed their accommodation on the commoditybacked Bitcoin ETF The final assurance is pushed advanced as expected
In a notice anachronous August 7, the SEC appear they are blame aback the accommodation on what would be the actual aboriginal authoritative accustomed Bitcoin[coin_price] exchange-traded armamentarium (ETF) in the U.S.
Earlier this month, acknowledged able Jake Chervinsky explained that the SEC has the authoritative abandon to advance aback the accommodation on the CBOE-backed Bitcoin ETF in aboriginal March 2019. Given the latest notice, it seems this is area we are headed. That’s not the aboriginal time the SEC acclimated its approved ability to adjournment Bitcoin ETFs. In backward July, the Commission postponed the accommodation on the Direxion Investments filing for September 2018.
The CBOE-backed VanEck/SolidX Bitcoin ETF proposal was filed in June back the arresting companies abutting forces. Bitcoinist outlined a few affidavit for which CBOE Global Markets ability assuredly get its Bitcoin ETF approval.
At the above time, the SEC has received an arrival of comments on account of cryptocurrency enthusiasts on the matter, area the cutting majority reflect an absolutely absolute outlook. In fact, the above apprehension reads that:
Despite the absorption appear an ETF-like product, the Commission declined the proposed aphorism change to account and barter shares of the Winklevoss Bitcoin Trust on the Bats BZX Exchange in backward July. However, SEC abettor Hester M. Price accurate a formal disagreement, analogue abundant flaws in the ruling. She argued that the proposed aphorism change did, in fact, accept by the approved standards.
What do you anticipate of the SEC’s move to adjournment its accommodation on the VanEck/Solidx Bitcoin ETF? Do you anticipate we will accept to delay until 2023? Don’t alternate to let us apperceive in the comments below!
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