SEC Delays 4 Bitcoin ETF Deadlines — Regulator ‘Finds It Appropriate to Designate a Longer Period of Time’ – Regulation Bitcoin News

SEC Delays 4 Bitcoin ETF Deadlines — Regulator 'Finds It Appropriate to Designate a Longer Period of Time'

[ad_1]

On Friday, the U.S. Securities and Exchange Commission (SEC) has delayed four bitcoin exchange-traded funds (ETF) deadlines for another 45 days. The regulator notes that the entity needs more time to decide on the ETF applications.

Global X, Kryptoin, Valkyrie, Wisdomtree Bitcoin ETF Deadlines Extended

The Kryptoin Bitcoin ETF, Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, and Wisdomtree Bitcoin Trust have all been delayed according to the latest SEC filing. ​​”The 45th day after publication of the notice for this proposed rule change is October 24, 2021,” the U.S. regulator’s filing details. While there’s been a large quantity of bitcoin ETFs filed in the U.S., the SEC has yet to approve any of them.

The SEC filing was published by the regulator’s assistant secretary J. Matthew DeLesDernier. “The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments,” DeLesDernier details. The regulator adds:

Accordingly, pursuant to Section 19(b)(2) of the Act, Commission designates December 8, 2021, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change, as modified by Amendment No. 1 (File No. SR-Nasdaq-2021-066).

Speculators Expected a Bitcoin ETF Approval by the End of October

Many speculators thought that a bitcoin ETF would be approved this year. Bloomberg Analyst Eric Balchunas told the public on Twitter that he believed an ETF would be approved by the end of October. Balchunas emphasized that the Proshares Bitcoin ETF may be the likely candidate.

“New note out today from James Seyffart [on] how the Ether ETF withdrawals add to the likelihood that a bitcoin futures ETF will be launched by end of October with Proshares as favorite, [although] it could (and arguably should) be a group to avoid first-mover advantage,” Balchunas said. The Bloomberg analyst added:

We think ether withdrawal shows SEC has a nose in this [right now] and is in [regular] contact with issuers which should mean any kinks ironed out so that they can launch 75 days after filing. Further, ProFunds’ bitcoin MF was launched 77 days after filing. These are virtually [the] same thing.

As far as the four bitcoin ETFs that were delayed on Friday, they will have to wait a few more weeks patiently. “The Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved,” the SEC filing concludes.

What do you think about the SEC delaying four bitcoin ETFs on Friday? Let us know what you think about this subject in the comments section below.

Tags in this story

2021, Bitcoin, bitcoin etf, BTC ETF, Crypto, Eric Balchunas, Global X Bitcoin Trust, J. Matthew DeLesDernier, James Seyffart, Kryptoin Bitcoin ETF, October, Regulation, regulator, SEC, SEC Dep, sec regulation, Valkyrie XBTO Bitcoin Futures Fund, Wisdomtree

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

[ad_2]

Source link

boudir mai mojoporntube.com delhi sex videos x hasmter greatxxxtube.com bangli sex video com iflix io teleseryelive.com the broken marriage vow episode 31 صور سك sexesursexe.com بنت عريانه bangla x vedio porn-tube-home.net salma hayek nude scenes www.xxxx.vidoe.com pakato.mobi aishwarya rai sex image hd deepika padukone porn video gunaporn.net hdteenfuck deepa sannidhi xxx-indian.org indian x.video malayalam cartoon sex hindipornblog.com real indian rape mms malayalam sexvideos brostube.mobi images of hot sexy couples sexy bf movie video redpornvideos.net indian nude dance lndian sex mms com indianbesttubeclips.com sex indian tamil www x vodo porndoze.mobi bolna download kapoor and sons 3gp sex.com umkatube.mobi lndian pleasure com super sex vidios porngonzo.mobi xnxxmalayam