SEC Delays VanEck-SolidX Bitcoin ETF Decision to September Amp Exchange Traded Funds - BitCoin Wealth 247 News Blog
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SEC Delays VanEck-SolidX Bitcoin ETF Decision to September Amp Exchange
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SEC Delays VanEck-SolidX Bitcoin ETF Decision to September Amp Exchange Traded Funds

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ETF DE BITCOIN 2018 - VERDADES Y MENTIRAS SOBRE ELLO

Amp Exchange Traded Funds,SEC Delays VanEck-SolidX Bitcoin ETF Decision to September
Amp Exchange Traded Funds

SEC Delays VanEck-SolidX Bitcoin ETF Decision to September

Aug 7, 2018 at 19:48 UTC |  Updated Aug 8, 2018 at 15:25 UTC

The U.S. Securities and Exchange Commission (SEC) has delayed a decision on a proposed bitcoin ETF, pushing its final determination ahead by more than a month.

Amp Exchange Traded Funds,SEC Delays VanEck-SolidX Bitcoin ETF Decision to September
In an order published on August 7, officials at the agency wrote that they were giving themselves more time to deliberate on whether to approve what would be the first exchange-traded product of its kind in the U.S. It's also perhaps unsurprising, given that in the past, SEC officials have used the agency's statutory powers to push back decisions on bitcoin ETFs.

Amp Exchange Traded Funds,SEC Delays VanEck-SolidX Bitcoin ETF Decision to September
"Accordingly, the Commission ... designates September 30, 2018, as the date by which the Commission shall either approve or disapprove, "Accordingly Amp Exchange Traded Funds , the proposed rule change."

The proposed rule change from CBOE would, if approved, constitute a critical point on a path to listing a bitcoin ETF, in conjunction with money management firm VanEck and crypto startup SolidX. The companies submitted their proposal

, setting off a busy comment period that saw the crypto community rally in support.

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 SEC's commissioners backed up the agency's original March 2017 rejection.

Amp Exchange Traded Funds,SEC Delays VanEck-SolidX Bitcoin ETF Decision to September
One commissioner, Hester Peirce, Amp Exchange Traded Funds ,

that the move to block a bitcoin ETF is a disservice to both investors and innovators.

As of press time, the price of bitcoin has not reacted, trading at around $7,060 according to the CoinDesk Bitcoin Price Index (BPI).

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a

. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

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Amp Exchange Traded Funds,SEC Delays VanEck-SolidX Bitcoin ETF Decision to September
Amp Exchange Traded Funds

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