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Another Delay: US SEC will Determine Whether to Approve the Most Promising Bitcoin ETF by May 16

Abstract : SEC delayed its decision deadline by 45 days, since its last deadline is April.1, 2019. SEC said the delay allows it has sufficient time to consider the proposed rule change.

ChainDD
ChainDD

Mar 30

March 30 (ChainDD) The US Securities and Exchange Commission (SEC) announced on March 29 EST that it postponed its decision on approval a Bitcoin ETF issued by VanEck and SolidX, and will either approval or disapprove, or institute proceedings to determine whether or disapprove proposal of rule change to list such ETF filed by Cboe, the largest option exchange in US.

The announcement means that SEC delayed its decision deadline by 45 days, since its last deadline is April.1, 2019. SEC said the delay allows it has sufficient time to consider the proposed rule change.

According to ChainDD’s previous news, the abovementioned Bitcoin ETF was regarded as the most promising Bitcoin ETF that can obtain the approval. The original deadline for SEC’s decision on approval is February 27. During one-month public feedback until March 12, 2019, SEC received seven comments, and six out of them strongly urged SEC to disapprove such ETF,

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