The US Securities and Exchange Commission (SEC) plans to postpone decision on approval of Bitcoin ETF at the end of the year, as various discussions are being made on the legalization of derivative products related to Bitcoins and virtual currencies It turned out that it was.
Bitcoin ETF is a collective term for listed investment trusts that track price trends in BTC and cryptocurrency markets, and in recent years many requests have been made to US SEC for approval of this financial product.
However, due to the high volatility of virtual currencies and the high number of ICO frauds, the US SEC has carefully proceeded with approval whether it is to protect investors.
According to Bloomberg’s report, while SEC received more than 1400 Bitcoin ETF proposals from affiliated companies, it is said that on Thursday this year it is revealed that it is a policy to accept more proposals .
Following this postponement, the decision to approve the Bitcoin ETF is decided at the end of December this year, but it is said that there is a possibility that it will be extended for another two months from now.
Also, the US SEC is currently investigating the possibilities of price operations such as Bitcoins in detail.
Article Source: Bitcoin ETFs Delayed Again as SEC Seeks Comment on Fund Plan
Author: Yuya 【Coin Desk News】 – Source Post: https://crypto-times.jp/bitcoin-etf-delayed-to-end-of-year/
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