Another Bitcoin ETF Deadline is Already Approaching
The US Securities and Exchange Commission is set to make another bitcoin exchange-traded fund decision later this month.
The US Securities and Exchange Commission (SEC) is set to make another bitcoin exchange-traded fund (ETF) decision later this month.
Yet the SEC delayed a decision on that proposed offering in September, punting forward a determination until 30th March.
As the agency said at the time:
According to the SEC website, its public comment period will last through 16th March. (The proposal hasn't garnered any input since 3rd March.)
The deadline is notable given the SEC’s rejection last week of a proposed rule change that would have cleared the way for a bitcoin ETF backed by investors Cameron and Tyler Winklevoss. That effort, too, faced delays as the SEC sought to collect insight from potential stakeholders.
The rejection of the Winklevoss bitcoin ETF – and the agency’s justification for doing so (a lack of market surveillance and broader concerns about regulation in the bitcoin space) – could potentially threaten the chances of a positive decision for SolidX ETF, as suggested by some commentators in the wake of that event.
Representatives for SolidX did not immediately respond to requests for comment.
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