The Commission on securities and exchange Commission (SEC) announced the launch of a formal review process for the creation of a bitcoin ETF from the new York companies VanEck and SolidX. However, the Department turned to the community for more information. About it it is spoken in published on the website of the SEC document.

“Currently, this process is practical from the point of view of legal and political issues associated with the proposed amendments to the rules of the [Cboe BZX Exchange, Inc.]. The beginning of this process does not indicate that the Commission came to any conclusions on the issues raised. The Commission needs more input from stakeholders in the approval of the people”, — stated in the disposal of the Agency.

At the moment, the SEC has received about 1,400 comments.

According to the document, the Chicago Board options exchange (CBOE) has signed an agreement to exchange data on bitcoin transactions, trades and the market with cryptocurrency trading platform brothers Winklevoss Gemini.

The office asked commentators to clarify the position of Gemini on the market of digital currencies and to assess the likelihood of increased volatility in this area in connection with a possible auction of the bitcoin ETF.

Recall VanEck and SolidX filed a joint application for a bitcoin ETF at the beginning of June this year. If approved by the regulator CBOE to add product in the listing.

In early August, the SEC extended the deadline for this exchange traded Fund until September 30.

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