SEC Faces March 11 Deadline For Bitcoin ETF Decision
It has taken the SEC nearly four years to come to a decision regarding bitcoin ETFs. Some experts feel a bitcoin ETF will give cryptocurrency a larger mainstream appeal. So far, none of the bitcoin ETFs has been approved by the SEC, though. March of 2017 could become an intriguing month, as the SEC has to decide upon the Bitcoin ETF created by the Winklevoss twins. Assuming the Winklevoss Bitcoin Trust ETF will be approved, a trading frenzy may occur shortly afterward. It is not the first time investors show some excitement regarding a bitcoin ETF. The cryptocurrency community is looking....
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Just three days to go until the two SEC commissioners, Michael Piwowar and Kara Stein, decide on whether to approve or reject the Bitcoin ETF after a nearly four years long process, but is the ETF headed for a default approval instead? The law defaults on an approval of the ETF if a decision is not made within a certain time period. In this case, the deadline is 11th of March, this Saturday. Some suggest the deadline extends to include Monday as Saturday is a weekend, but, normally, if an ETF is to be rejected, the SEC suggests a withdrawal of the application so that the proposer can....
By the time Cameron and Tyler Winklevoss receive a final decision from the SEC on their long-proposed bitcoin exchange-traded fund (ETF), a new president will be leading the US. Though an earlier 10th January deadline would have placed the decision by the SEC to approve or disapprove the Winklevoss brothers' request, paperwork filed today now extends the deadline to 11th March. While the extension isn't a surprise, one industry observer thinks the transition of power may have made it essential. Blockchain products lead at ARK Investment Management, Chris Burniske, said that SEC chair Mary....
Probably the most discussed topic in the Bitcoin community in the last few weeks has been the upcoming decision of the U.S. Securities and Exchange Commission (SEC) on whether or not it will approve the first publicly traded bitcoin exchange-traded fund (ETF).The decision, which would have a potentially profound impact on the price of bitcoin, is expected to be announced on Friday as the SEC’s internal deadline (March 11) for the decision falls on a Saturday. The SEC has to decide whether it will allow the Winklevoss Bitcoin Trust (WBT) to list on the Bats BZX Exchange with the ticker....
The US Securities and Exchange Commission's decision on the much-anticipated bitcoin exchange-traded fund (ETF) is expected by Friday, according to a source with knowledge of the agency’s deliberations. The SEC has an 11th March deadline to make a decision regarding the proposed rule change that would clear the way for the ETF, which would be the first of its kind. Yet because the 11th falls on a Saturday, that decision will come before that date – potentially before Friday, the source said. The decision, regardless of the outcome, will cap a more than three-year period since investors....
The US Securities and Exchange Commission’s (SEC) early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community about what this move might mean for the potential launch of any Spot Bitcoin ETF this year. No Spot Bitcoin ETF This Year? In a tweet shared on his X (formerly Twitter) platform, Bloomberg Analyst James Seyffart questioned the SEC’s latest decision and whether or not it “may put the hammer down for any hopes of an ETF approval this year.” He further quizzed whether this means we could see an imminent delay on some other Spot Bitcoin ETF....