SEC Delays CBOE Bitcoin ETF, Again
Cryptovest
Published Sep 21, 2018 12:24PM ET
Updated Sep 21, 2018 01:40PM ET
SEC Delays CBOE Bitcoin ETF, Again
Markets are holding out for hope that the SEC could approve an exchange-traded fund based on Bitcoin from CBOE called VanEck-SolidX after the institution announced that it would hold its judgment until it could collect more data on public opinion of such an instrument.
...“Institution of such proceedings is appropriate at this time in view of the legal and policy issues raised by the proposed rule change. Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved. Rather, as described below, the Commission seeks and encourages interested persons to provide comments on the proposed rule change,” wrote Brent Fields, a secretary for the SEC, in a public memorandum.
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