SEC to Rule on Another Bitcoin ETF in February 2019
The US regulator once again has delayed the ruling on approval of VanEck and SolidX BTC ETF. The deadline will shift to the end of February next year.
The SEC took more time to consider a request to create a Bitcoin ETF, which had been filed by VanEck and SolidX crypto companies. According to the rules of the regulator, the SEC will be unable to postpone the review anymore and by February 27, 2019, the authorities must decide whether they approve the Bitcoin ETF or not.
In August, the regulator turned down 9 applications from various companies for BTC ETFs, which intended to tie the funds to the Bitcoin price on the futures market. VanEck and SolidX want to tie the value to the BTC itself.
- At the end of last week, SEC Chairman Jay Clayton said that the cryptocurrency market is easy to manipulate, and therefore the BTC ETFs won’t appear until this problem is solved.