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.



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