I know the chances got better with the recent pro-crypto SEC appointment, but I still wouldn't hold my breath. I'm sure an approval would do wonders for the price thanks to all the hype (still) surrounding the issue, but would it really be good for the long run if large financial entities held massive amounts of coins? I'm not saying it won't be, just that it's something to ponder on.
Also, I'm sure this is going to come up at some point, but I'm pretty sure this wasn't delayed in the interest of price manipulation.
Topic: SEC Delays Bitcoin ETF Despite 1,400 Public Comments in Favor - page 2. (Read 225 times)
September 22, 2018, 01:32:45 AM
September 22, 2018, 01:20:53 AM
The VanEck SolidX Bitcoin exchange-traded fund (ETF) has already been stalled once in August 2018, and now the Securities and Exchange Commission (SEC) of the United States has delayed its decision again.
This was not surprising since some experts thought the SEC would likely delay until March 2019 which is the maximum time allowable under law, before probably rejecting it. What is somewhat surprising is that the SEC seemingly igored some 1,400 comments submitted to the SEC for the VanEck SolidX Bitcoin ETF, with virtually all of them in favor of it.
The director of VanEck, Gabor Gurbacs, says, “I am humbled and impressed by the public support of the VanEck-SolidX initiative to bring to market a well-constructed, liquid, physical, insured Bitcoin ETF. 1400+ comments, 99%+ in favor. The public has spoken! Bitcoin is compatible with the US and global capital markets.”
Source: https://bitcoinnews.com/sec-delays-bitcoin-etf-despite-1400-public-comments-in-favor/
This was not surprising since some experts thought the SEC would likely delay until March 2019 which is the maximum time allowable under law, before probably rejecting it. What is somewhat surprising is that the SEC seemingly igored some 1,400 comments submitted to the SEC for the VanEck SolidX Bitcoin ETF, with virtually all of them in favor of it.
The director of VanEck, Gabor Gurbacs, says, “I am humbled and impressed by the public support of the VanEck-SolidX initiative to bring to market a well-constructed, liquid, physical, insured Bitcoin ETF. 1400+ comments, 99%+ in favor. The public has spoken! Bitcoin is compatible with the US and global capital markets.”
Source: https://bitcoinnews.com/sec-delays-bitcoin-etf-despite-1400-public-comments-in-favor/
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