On Friday, the Securities and Exchange Commission delayed the schedule of the resolution on whether or not to approve the exchange-traded budget traded with bitcoins by delaying the deadlines for 4 competing programs until the first asset of its kind to be introduced in the United States.
Launch applications from Global X Bitcoin Trust, Kryptoin Bitcoin ETF, Valkyrie XBTO Bitcoin Futures Fund and WisdomTree Bitcoin Trust have been delayed for forty-five days, postponing until November the first resolution on a proposed rule to replace that would allow the boarding and trading of such investment vehicles.
“The Commission is appropriate to designate a longer era to take action related to the proposed rule replacement so that it has sufficient time for the proposed rule replacement and any comments,” the SEC said in documents accompanying the replacement date. .
In early September, the SEC extended its pending resolution to approve VanEck Bitcoin Trust for 60 days until November 14. The firm reviews the programs of more than 20 companies.
SEC Chairman Gary Gensler has cracked down on cryptocurrencies and recently compared solid coins to “poker chips. “But Gensler indicated that he is more open to cryptocurrency ETFs, suggesting that those that comply with strict mutual budget regulations may be offering coverage to investors. It also gave the impression of being in favor of approving a futures ETF.