The Commission on securities and stock exchanges of the USA is to be expected once again postponed its decision to launch a bitcoin ETF from VanEck, and SolidX. According to the SEC, the final decision on this ETF will be announced on 27 February 2019.
6 Dec SEC used the latest delay for the application to launch a publicly traded bitcoin Fund, filed by the company VanEck, SolidX BZX Exchange and the CBOE.
VanEck and SolidX first applied to the creation of a bitcoin ETF on June 6. According to the rules, the Commission is forced to approve or deny the application within 180 days from the date of its official publication. If necessary, the regulator may extend this period for another 60 days, having official justification. Thus, on February 27, 2019 is the final deadline for adjudication on request: up to this point, the controller should reject or approve.
“The Commission considers it appropriate to increase the pendency of an application for a final decision on approval or disapproval of proposed changes to the rules” — says the official document.
Recall that in late October, representatives VanEck and SolidX met with representatives of the securities Commission of USA (SEC) to eliminate the limiting factors for launch of the financial instrument. The assurance VanEck, all the problems with the bitcoin ETF was “allowed”.