UPDATE: The SEC has also delayed the VanEck/SolidX bitcoin ETF proposal.
The U.S. Securities and Exchange Commission has delayed making a decision on two bitcoin exchange-traded fund proposals earlier this year.
The first ETF proposal, filed by Bitwise Asset Management with NYSE Arca, was published in the Federal Register on Feb. 15, kicking off the first 45-day clock for an initial decision on the filing.
Overall, the SEC has 240 days to approve or reject any ETF proposal.
Today's decision means the SEC now has another 45 to consider the proposal.
The SEC is also reviewing another bitcoin ETF proposal filed by VanEck and SolidX, in partnership with Cboe BZX Exchange.
VanEck CEO Jan van Eck explained that the shutdown had - at least temporarily - paused conversations between the SEC and the companies which submitted the proposal.
On Friday, the SEC extended this decision as well, designating May 21 as the date on which it would either make a firm decision or launch proceedings to do so.
While the SEC has not yet approved any bitcoin ETFs, prominent voices in the community believe it may happen this year.
In an interview with Roll Call published in early February, SEC Commissioner Robert Jackson said he believes an ETF proposal will "Satisfy the standards" the regulator has set, "Eventually."
SEC Postpones Decision on Bitwise, VanEeck Bitcoin ETF Proposals
gepubliceerd op Mar 29, 2019
by Coindesk | gepubliceerd op Coinage
Coinage
Vermeld in dit artikel
Recent nieuws
Alles zien
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.