VanEck, SolidX Hit with New Delay over Bitcoin ETF Application

The US Securities and Exchange Commission (SEC) has again moved the deadline for its decision on a Bitcoin exchange-traded fund (ETF) proposed by investment management company VanEck and blockchain startup SolidX. The regulator said in a public notice on Thursday it had set the final deadline to February 27, 2019.

The two companies filed their application on June 20, 2018. It was published for comment in the Federal Register on July 2, and the countdown began. After announcing the first delay in August, the SEC was expected to make a decision by the end of December.

Under the US Securities Exchange Act, the SEC determines whether to approve a proposed rule change to list and trade shares “not later than 180 days after the date of publication of notice of…

This article appeared first on Cryptovest

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