The hotly anticipated decision from the US Securities and Exchange Commision (SEC) on the listing and trading of a bitcoin exchange traded fund (ETF) has been delayed until at least September 30. The ETF would be powered by investment firm VanEck and SolidX, and if accepted would be listed on the Chicago Board of Exchange. In an announcement today, SEC Chairman Jay Clayton said that he had decided to delay the approval process for the ETF, which was expected to go before the commission in late September.
The hotly anticipated decision from the US Securities and Exchange Commision (SEC) on the listing and trading of a bitcoin exchange traded fund (ETF) has been delayed until at least September 30. The ETF would be powered by investment firm VanEck and SolidX, and if accepted would be listed on the Chicago Board of Exchange. Enthusiasts believe a bitcoin or cryptocurrency ETF would allow for mass adoption of cryptocurrencies, with greater security and regulation.