FYI: (This is a follow-up article.)
The US Securities and Exchange Commission has announced another delay to determine whether to approve or disapprove the listing of a Bitcoin ETF.
ETF issuer VanEck and blockchain start-up Solid X partnered for the proposal of the Bitcoin ETF back in July, however the SEC has dismissed previous proposals as well as delaying its response several times already.
The final extension for the SEC’s decision can be no longer than 60 days, meaning its verdict will be announced by the end of February next year. The SEC says it needs sufficient time to consider the rule change as it also says it has received in excess of 1,600 comments on the proposal.
Regards,
Ted
http://www.etfstream.com/news/5541_sec-postpones-verdict-on-bitcoin-etf
