Commission United States securities and exchange Commission (SEC) September 20 announced that it has begun to consider applications to launch a bitcoin ETF.
The SEC issued the “order on the commencement of proceedings in the consideration of the application to determine whether to approve or reject the proposed amendment regulations”, submitted by Chicago Board options exchange (Cboe). If approved at the Cboe will be the green light for listing bitcoin ETF proposed at the beginning of this year, the company asset management VanEck and cryptocurrency startup SolidX.
Now the SEC seeks to obtain from the public as much information as possible related to the possible launch of a new investment instrument. Today, according to the Commission on this issue was presented more than 1400 comments.
SEC Secretary Brent fields wrote in the order:
The proceedings in this case is appropriate in connection with legal and political issues that have been raised in connection with the proposed change in the rules. Start of production does not indicate that the Commission has already made any conclusions. The Commission seeks to explore the views and encourages interested persons to submit comments on the proposed rule change.
According to the application, and SolidX VanEck plan to create a trust-based bitcoin Fund, which SolidX will present a list of quotations of securities. SEC is pretty long defer action, and by law she can deliberate on a final verdict until February 2019.
Last month, the Commission on securities and exchange Commission rejected nine proposals for the bitcoin ETF and stated that it will review applications in late September.
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