THELOGICALINDIAN - The regulator charge now ability a accommodation by Aug 14 or adjournment the accommodation one final time
The SEC has delayed its accommodation on a angle for a Bitcoin ETF from Bitwise Asset Management, according to a filing from the regulator today.
SEC Delays Choice on Bitwise ETF
The U.S. Securities and Barter Commission’s filing postpones the approval or bounce of Bitwise’s ETF, which aimed for a advertisement on ICE’s NYSE Arca barter in the abreast future.
In the accordant filing, the SEC additionally issued a appeal for comments. It approved advice on accepted trading volumes, protections adjoin artifice and manipulation, and added matters.
Bitwise and NYSE Arca submitted their appliance and proposed aphorism change in October. The SEC delayed its accommodation on the angle in December. Prior to this new delay, the regulator would accept been affected to accomplish a accommodation by today, Feb. 1.
Jake Chervinsky of the Blockchain Association noted today that the SEC’s borderline is now August 14. He added that the SEC can adjournment its accommodation aloof “one added time to a final deadline” of Oct. 13.
The SEC Has Denied Many ETFs
Bitwise is one of abounding firms aiming to actualize the aboriginal Bitcoin exchange-traded fund, which would accommodate acknowledgment to the amount of Bitcoin after acute investors to absolutely acquirement crypto.
Despite the SEC’s again abortion to accept a Bitcoin atom ETF, the aggregation accustomed several Bitcoin futures ETFs aftermost year. Valkyrie, VanEck, and ProShares now action those advance funds.
As such, abounding in the crypto industry abide optimistic that the SEC will anon accept a Bitcoin atom ETF.
Disclosure: At the time of writing, the columnist of this allotment endemic BTC, ETH, and added cryptocurrencies.
