SEC Again Delays Decision On Bitcoin ETFs Approval
The Security and Exchange Commission (SEC) of the U.S. again delays the decision on the three bitcoin ETFs Bitwise Asset Management, VanEck/SolidX, and Wilshire Phoenix’s approval on Monday.
The report says that these ETFs were published their filings in February-April of this year in the Federal Register that postponed on the next 240 days (maximum legally mandatory days) for the final decision on the ETF.
For the Bitwise and VanEck/SolidX ETFs approval the SEC will make the final decision in October respectively.
For the Wilshire Phoenix ETF approval, the SEC’s final decision is expected to be released at the end of September this year.
Previously, the Securities and Exchange Commission (SEC) has postponed the decision on VanEck Bitcoin (BTC) Exchange Traded Fund (ETF) application, according to an official filing on 20 May.
Last time, the Security Exchange Commission (SEC) of the United States has delayed the decision on VanEck and Bitwise Bitcoin ETF (Exchange Traded Funds). The delay is because of a change to the Security Act. The decision is published in public post by SEC on 29 March.
US SEC Commissioner Robert Jackson Jr said in an interview that Bitcoin ETF will get approval from regulators reported on 8 February.
The SEC approved physically settled bitcoin future trading exchange BAKKT already started the testing of the Bitcoin futures contract trading.
