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The U.S. Securities and Exchange Commission (SEC) extended a rule change proposal allowing the nation’s first bitcoin exchange-traded fund (ETF), pushing the decision deadline to next year.
In a notice posted online, the securities regulator said it was extending the review period for the ETF to Feb. 27, 2019. The proposal was first submitted by money manager VanEck and blockchain startup SolidX, who partnered with the Cboe exchange earlier this year.
Under SEC rules, a decision on the proposal cannot be delayed any further, meaning the next notice must either approve or reject the ETF.
The decision comes after months of uncertainty as a number of previous ETF proposals were rejected by the SEC, most notably in August when the
Read full article » https://www.coindesk.com/sec-again-delays-decision-on-vaneck-solidx-bitcoin-etf
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