The SEC delays key Bitcoin ETF decision yet again, now has to make a call next February

The SEC asks for more time – yet again – as it continues to ponder a Bitcoin ETF…

And the saga of Btcoin-backed exchange traded funds (ETFs) rumbles on. Across much of the year, the Securities and Exchange Commission (SEC) in the US has had such ETFs to rule on, and has either dismissed them, or activated delays.

Now, it’s gone and done it again.

A ruling was due on the VenEck-SolidX Bitcoin ETF, that was proposed over the summer. The SEC originally had 45 days to make a decision, but it extended the deadline. And then extended it again. Now, it’s activated its right to delay it one last time. But then, it’s got to finally make a decision one way or the other. It has until 27th February 2019 to say yes or no.

The official statement from the SEC reads as follows:

“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. Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act, designates February 27, 2019, as the date by which the Commission shall either approve or disapprove the proposed rule change…”

Which is pretty much the same old, same old. The news isn’t a massive surprise, and the fact that the proposal hasn’t been kicked permanently into the grass suggests that it’s at least getting good consideration. Whether it gets a yes, and becomes the Bitcoin ETF breakthrough many of hoping for? We’ll find out early next year…

Image: BigStock

The post The SEC delays key Bitcoin ETF decision yet again, now has to make a call next February appeared first on CryptoNewsReview.

The SEC delays key Bitcoin ETF decision yet again, now has to make a call next February

Via: The SEC delays key Bitcoin ETF decision yet again, now has to make a call next February

A Blockchain is a growing list of records, called blocks, which are linked using cryptography. Cryptography is the practice and study of techniques for secure communication in the presence of third party adversaries. Cryptocurrency is a digital currency that uses encryption (cryptography) to regulate the generation of currency and verify the transfer of funds, independently of a central bank.

Blockchain 101 · Crytpo Currency Market
—————————————————
Trezor: Hardware Wallet
Binance: Exchange for Traders
Ledger Nano S: Hardware Wallet
Coinbase: Exchange for Investors
CoinSwitch: Wallet-to-Wallet Exchange