: The Trust will issue and redeem Baskets, each equal to a block of 5 Shares, only. Securities and Exchange Commission has announced that it will postpone the decision on whether to allow the listing of the Cboe VanEck/SolidX exchange-traded fund (ETF) backed. As of press time, the price of bitcoin has not reacted, trading at around 7,060 according to the CoinDesk Bitcoin Price Index (BPI). One commissioner, Hester Peirce, dissented from that decision, later telling CoinDesk in an interview that the move to block a bitcoin ETF is a disservice to both investors and innovators. All told, more than 100 comments how to setup a bitcoin wallet were submitted through mid-July. This news comes just weeks after the SEC rejected the Winklevoss latest attempt to list a Bitcoin ETF, citing concerns over fraud and market manipulation of the digital currency. In the official document, SEC notes: Section 19(b 2) of the Act5 provides that within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate. According to an, sEC filing released Aug. The SEC ruling voted 3-1 against, stating that bats Global Markets BZX stock exchange failed to meet the requirements under the Exchange Actspecifically the requirement that its rules be designed to prevent fraudulent and manipulative acts and practices.
Bitcoin etf decision september
Its looks like the SEC is in no mood to fall for the euphoria in the crypto community regarding the arrival of cboe Bitcoin ETF. Its also perhaps unsurprising, what is happening to bitcoin gold given that in the past, SEC officials have used the agencys statutory powers to push back decisions on bitcoin ETFs. Bitcoin ETF Delayed, Crypto Market Responds. WorldCoinIndex, Bitcoin has corrected by more than 5 in the last 24-hours of its trading and is currently seen trading around 6600 levels. Related: Bitcoin ETF Comments Submitted to SEC Overwhelmingly Positive. The choice to punt forward a final decision also comes days after SEC commissioners completed a review on a proposed bitcoin ETF from investors Cameron and Tyler Winklevoss, whose multi-year effort was dashed after a majority of the SECs commissioners backed up the agencys original. Btcusd Rates by TradingView. This article is for informational purposes only and should not be taken as investment advice. Cboe BZX Rule that would open up the ETF regulations to include digital asset-backed funds. The VanEck SolidX Bitcoin ETF decision delayed until at least the end of September according to a publication released by the SEC today. However, the SEC in its latest document notes that the Federal Register shows the application of rule change on July 2, 2018.
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