The Commission on securities and exchange Commission (SEC) published amendments to the statements to launch a bitcoin ETF. Proposals for changes of the package of documents received GraniteShares, Direxion, Proshares and others. It is reported, this may indicate that the SEC intends shortly to make the final verdict.
The amendments were published last Thursday, October 4. The office so far neither confirmed nor denied this statement. SEC indicated that all applicants are required to bring all documentation received in accordance with the requirements of the amendments:
“In accordance with procedural rule 431, the Commission decided that, prior to October 26, 2018, any applicant or any responsible person can attach to the documents a note of support or protest the actions taken as a result of delegation of authority.”
The launch of exchange-traded bitcoin Fund would allow institutional investors formally to trade cryptocurrency with a lower degree of risk. Some organizations have already started working on the OTC markets. Investor and Executive Chairman of the consulting company Edelman Financial Services, LLC. Rick Edelman (Ric Edelman) in an interview with CNBC said that the launch of a bitcoin ETF will be “practically with absolute probability”. Edelman added that the day when the SEC approves your application for cryptocurrency ETF, “will change everything”.
The Commission commenced a reconsideration of the applications of the listed companies at the end of August. Then the period a final decision was scheduled for 30 September, but was postponed. The verdict by the SEC filings to get investment funds also expect Coinbase and the Cboe.
