SEC again defers the decision on the creation of a bitcoin ETF, and requests comments from the community


The Commission on securities and exchange Commission (SEC) once again asks the cryptocurrency community to provide additional comments about the creation of exchange-traded funds (ETFs) that are tied to bitcoin. Previously, the regulator extended the time of the decision on all nine applications in respect of concerns about the reliability of the created tool.

In August, the SEC rejected
offers from companies ProShares, and Direxion GraniteShares, which was designed in cooperation with exchange operators NYSE Arca and CBOE, because of the risks associated with the manipulation and disadvantages of the futures market.

However, after the failure of the Commission stated that it would review the decision, but this requires more time to gather information.

On Thursday, the regulator published new documents showing that the SEC asks the public to give comments on the launch of nine ETFs of bitcoin. Receive messages will be available until October 26.

“The previous waiver remains in force until, until a new decision is officially made,” — said the assistant of the Chairman of the Commission, Eduardo Aleman (Aleman Eduardo).

It should be noted that a similar application for the creation of a bitcoin ETF from VanEck SolidX companies and are considered
in a separate order. The decision was originally planned to take until the end of September, but on September 26, it was once again postponed to December this year.

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