SEC Is Expected to Voice Its Final Verdict on Two Bitcoin ETFs in October

The SEC is seeking additional comments on the Bitwise proposal while the chances of approval remain gleam

Tue, 13/08/2019 - 7:40

SEC Is Expected to Voice Its Final Verdict on Two Bitcoin ETFs in October

According to Bloomberg, the U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on all pending Bitcoin ETF proposals on Aug. 12.

As reported earlier by U.Today, the SEC previously postponed the approval of the VanEck/SolidX Bitcoin ETF on May 21.

SEC Chairman Jay Clayton Reveals When Regulator Is Going to Approve Bitcoin ETF

However, the US regulator will not kick the can down the road forever. By the end of October, the SEC will announce its final decision on the Bitwise and VanEck/SolidX (the deadlines are set for Oct. 15 and Oct. 18 respectively).

Bitwise’s ETF proposal, which is supported by multiple industry bigwigs, has the highest chance of getting the green light from the SEC.

About the author

Alex Dovbnya

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.