Another Bitcoin ETF decision is coming closer
The US Securities and Exchange Commission (SEC) will make a further decision on a Bitcoin ETF (exhange-traded fund) at the end of this month.
The New York startup SolidX announced last July that they want to register a Bitcoin ETF for the New York Stock Exchange: the value of the shares amounted to a total of US $ 1 million. The company raised $ 3 million at the end of 2014 to provide financial products related to the digital currency.
The SEC postponed the first decision to do so from last September to this March. Strictly speaking, the 30th of this month.
The Authority said at this time:
"The Commission sees it as appropriate to enlarge the timeframe in which a decision is to be taken as there must be sufficient time to take account of changes in the rules."
According to the SEC website, there is still a public opposition period until the 16th. March (although the proposal did not attract any attention until March 3).
More about: Ethereum IoT project wins $ 100,000 at Dubai Hackhaton
The deadline marks another interesting event, as the SEC rejected last week a change of control that would allow a Bitcoin ETF of investors Cameron and Tyler Winklvoss. This decision has also been postponed since the SEC sought to gain insights from potential stakeholders.
The rejection of the Winklevoss ETF - and the associated justification of the Authority (lack of market surveillance and general concerns about regulation in the bitcoin sector) could dampen the possible positive outlook for a SolidX ETF.
SoldiX has not yet expressed its opinion.
The New York startup SolidX announced last July that they want to register a Bitcoin ETF for the New York Stock Exchange: the value of the shares amounted to a total of US $ 1 million. The company raised $ 3 million at the end of 2014 to provide financial products related to the digital currency.
The SEC postponed the first decision to do so from last September to this March. Strictly speaking, the 30th of this month.
The Authority said at this time:
"The Commission sees it as appropriate to enlarge the timeframe in which a decision is to be taken as there must be sufficient time to take account of changes in the rules."
According to the SEC website, there is still a public opposition period until the 16th. March (although the proposal did not attract any attention until March 3).
More about: Ethereum IoT project wins $ 100,000 at Dubai Hackhaton
The deadline marks another interesting event, as the SEC rejected last week a change of control that would allow a Bitcoin ETF of investors Cameron and Tyler Winklvoss. This decision has also been postponed since the SEC sought to gain insights from potential stakeholders.
The rejection of the Winklevoss ETF - and the associated justification of the Authority (lack of market surveillance and general concerns about regulation in the bitcoin sector) could dampen the possible positive outlook for a SolidX ETF.
SoldiX has not yet expressed its opinion.
Post a Comment