the U.S. Securities and Exchange Commission (SEC) announced on Monday, may 20. May, once again, a postponement of the decision in respect of a Bitcoin ETFs is known. Fans of exchange-traded funds from the home VanEck/SolidX have to wait until Further notice. The SEC dated the new Deadline for the ETF decision on the 19. August 2019.
From Polina Khubbeeva
21. May 2019BTC$7.896,00 1.70%part Facebook Twitter LinkedIn xing mail
The crypto scene looked this week, once again, looking forward to the SEC. The 90-day deadline for a Decision of the US regulatory institution to VanEck/SolidX-proposal for a BTC-based exchange-traded Fund (ETF) ends at 21. May. This is a revised Version of an application for a Bitcoin ETF from VanEck/SolidX, whose approval VanEck in January 2018 requested.
Last ETF-delay only a few days ago
Yesterday, on 20. May, released the top U.S. securities authority, then the further postponement of a decision on a Bitcoin ETF from VanEck/SolidX. The document, uploaded on the SEC website, proclaimed: The authority postponed once again the final judgment. As was already at 15. May, when ETF proposal of Bitwise (BTC-ECHO reported), to get the American citizens the opportunity to ask questions and make comments to be submitted.
postponed until October 2019, will probably
After a maximum of 35 days, the SEC takes some thinking time to respond to the citizen requests. In addition, the new deadline for a Decision is now up to 19. August 2019 have been extended. A Tweet of the lawyers Jake Chervinsky suggests, however, that the SEC will move this time, and observers before the age of 18. October 2019 can expect a final decision.
In recent years, the SEC ETF-decisions postponed so often that the latest message appears to be almost funny. A decision on an exchange-traded Bitcoin Fund is linked to many crypto Fans with high hopes. In terms of the BTC course, observers are hoping for a value increase as a response to a positive SEC decision by speculating on the increased confidence of investors in the security of the currency.
BTC exchange rate is stable
a Few hours after the announcement of the new suspension seems to be the BTC will survive the course of the decision, however, without significant losses. After that, the Bitcoin price has risen in the past 24 hours by 0.29 per cent to 8,052 USD.
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