The US Securities and Exchange Commission (SEC) issued a notice this Thursday, according to which the application for creating a stock exchange traded fund ( Bitcoin-ETF ) issued by VanEck together with Cboe BZX Exchange and SolidX can be used for everything available for this time in accordance with the requirements of the law.
"The Commission considers it appropriate to allocate a longer period for making approval or disapproval of the proposed rule change in order to have enough time to consider the relevant proposal for a rule change," she writes.
The VanEck application was filed on June 20th. On August 7, the SEC announced that it would continue to consider it, since it was not ready to make a decision at that moment, and on September 21 it called on the public to comment on this.
“As of December 6, 2018, the Commission received over 1,600 comments,” the regulator said.
The maximum allotted time for the SEC in such cases is 240 days.
"Accordingly, the Commission appoints February 27, 2019, the date by which it must approve or not approve the proposed amendment of the rules," the publication says.
Earlier, SEC Commissioner Hester Pierce, who is loyal to the cryptocurrency industry, said that a positive decision on the Bitcoin ETF (BTC) could be made tomorrow, or maybe 20 years from now. However, she called the fact of approval of the application, "of course, possible."
