The U.S. Securities and Alternate Fee (SEC) once more delayed a call on whether or not to approve or reject a bitcoin exchange-traded fund (ETF) on Tuesday.
In a brand new doc revealed by the SEC, the regulator stated it might maintain off on making a call on the Bitwise ETF proposal filed with NYSE Arca.
The proposal was first filed in January of this 12 months, kicking off a brand new race to launch a bitcoin ETF within the U.S., which is predicted to carry recent cash – and due to this fact, liquidity – to the crypto area.
The SEC final postponed a call on each the Bitwise and VanEck/SolidX proposals on the finish of March, kicking each to Might. The regulator has but to approve any bitcoin ETFs, although each consultants within the area and officers with the company appear to imagine that it’s solely a matter of time.
Crypto Crescent Asset Administration, a digital asset and fund supervisor, has additionally proposed a crypto ETF, which might give prospects publicity to each bitcoin and ether. The agency, which is partnering with NYSE Arca, has not but formally filed its proposal, nonetheless.
There will likely be a public remark interval for 3 weeks after the newest doc concerning the Bitwise ETF is revealed within the Federal Register, plus a further two weeks for responses.
Might 14, 2019: SEC Discover Relating to Bitwise Bitcoin ETF by CoinDesk on Scribd
SEC picture through Shutterstock