RATE Group | The SEC to Rule on 9 Bitcoin (BTC) ETFs After November 5th
47785
post-template-default,single,single-post,postid-47785,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

The SEC to Rule on 9 Bitcoin (BTC) ETFs After November 5th

03 Nov The SEC to Rule on 9 Bitcoin (BTC) ETFs After November 5th

Posted at 14:51h in Bitcoin News by

[ad_1]

Back in late August, news broke that the SEC was reviewing nine earlier rejected Bitcoin (BTC) ETFs. What happened is that the rejections were as a result of the Commission delegating some tasks to its staff. The staff had acted on behalf of the Commission and followed through with rejecting the 9 Bitcoin ETFs. However, due to additional rules at the regulatory body, the Commission has the power to review such ‘delegated’ decisions.

Confusion that the SEC Deadline Was the 26th October

Soon after the SEC Commission announced that it was reviewing the 9 BTC ETFs, news spread like wild fire that they had set a new deadline of October 26th. This date was believed by many as when the SEC would decide the fate of the 9 proposed rule changes. However, this was not the case.

November 5th: Actual Deadline for Comments

Further scrutinizing the supporting documents provided by the SEC announcing the review of the ETF proposals by Direxion (5), GraniteShares (2) and ProShares (2), we…

[ad_2]

Source link

Tags:
, , , , , , ,