SEC Postpones Next Bitcoin ETF Request Til September

 

The SEC has postponed their ruling on whether the next Bitcoin ETF request can be listed on stock exchanges. The decision to approve VanEck Associates and SolidX Partners’ Bitcoin ETF has been delayed until Sept 30th.

Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act 6 designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change (File No. SRCboeBZX-2018-040).

Eduardo A. Aleman – Assistant Secretary SEC





Late last month, the Winklevoss Twins’ Bitcoin ETF was also denied by the SEC on a 3-1 vote. The VanEck/SolidX decision can still receive approval come Sept 30th, or the SEC has the option to extend the decision by another 240 days. Bitcoin’s price has seemed to react to the news of the delay as the price tumbled from July’s all time high of $8,300 to around $6,500 currently.



Related Posts

You may like these post too

John Oliver Discusses Crypto ft Keegan-Michael Key Playing As Carlos Matos

silk road manchester university bitcoin bust

Manchester University Students Sentenced For Selling Drugs On The Dark Web

yahoo finance bitcoin

Yahoo Finance Says Bitcoin Is Legit and Gives Coinbase Rundown

Ex-Goldman Sachs Partner Says BTC Price Will Top $20K This Year

Goldman Sachs Will Add Cryptocurrency Trading in 2018

Gaus Trade To Offer Mercedes Benz Sale For Crypto At 30% Discount