Bitcoin ETF Decision is Delayed by SEC In Late February

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

According to an official documentary the United States Securities and Exchange Commission (SEC) has again postponed its decision on a Bitcoin (BTC) exchange-traded fund (ETF).
The last deadline is given till the end of February i.e. 27th of February and then it will finally announce the result about the Bitcoin ETF.

The rule change proposals to list a Bitcoin ETF by investment firm VanEck and blockchain company SolidX on the Chicago Board Options Exchange (CBOE):

“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.”

As a lot of application was submitted to the SEC for the approval so finally the SEC made a decision regarding the deadline as a lot of comments were submitted.

A week ago, the SEC distributed a reminder on a gathering with agents from VanEck, SolidX, and CBOE. The candidates guaranteed there was the point of reference for a Bitcoin ETF dependent on different wares with ETFs — like gold and unrefined petroleum.

As of late, SEC official Hester Peirce, who is known for her professional crypto position, getting the title of “Crypto Mom,” guaranteed that a Bitcoin ETF could come “tomorrow or in 20 years.” She said:

“Don’t hold your breath. Look, it took a long time for theSEC even to establish Finhub.”

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