Commission securities and exchange US (SEC) has extended the deadline for a decision in respect of an application to launch a bitcoin ETF filed jointly by the new York companies VanEck and SolidX. About it it is told in published on Tuesday, August 7, the document on the Commission’s website.
Initially it was assumed that Commission meeting, where officials will decide on changes to the rules of trading on the Chicago Board options exchange (CBOE) to trade the Fund on 10 August. However, now that the date is postponed to 30 September.
Application VanEck and SolidX was filed 6 Jun. If approved VanEck SolidX Bitcoin Trust will be insured against theft and loss of access to funds. Also it will be linked to the new index from Van Eck, which is exchanges will collect the price of bitcoin with the US-based over the counter (OTC) platforms.
Stock price VanEck SolidX Bitcoin Trust was set at $200 000, which suggests that the new ETF will be primarily aimed at institutional investors.
Earlier, a source in SEC, who requested anonymity, hinted that the Agency is interested in the approval of this application.
Today’s news almost immediately affected the exchange rate of bitcoin, which, after rising for the day session above $7100, have plummeted, down as of 20:00 UTC below $6900.