SEC extends four Bitcoin ETF deadlines by 45 days

The decision timeline of four Bitcoin ETFs, including Global X Bitcoin Trust, has been extended today by the SEC.

The Securities and Exchange Commission (SEC) has extended the deadline of four Bitcoin exchange-traded funds (ETFs) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications. 

The approval of four Bitcoin ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF were rescheduled to the respective dates: Nov. 21st, Dec. 8th, Dec. 11th, Dec. 24th.

In their official statement, the SEC outlined:

“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.”

Related: CFTC commissioner Dan Berkovitz will become SEC general counsel

This is a breaking story that will be updated with more information soon.

Source: https://thebittimes.com/sec-extends-four-bitcoin-etf-deadlines-by-45-days-tbt3543.html?utm_source=blogger_source&utm_medium=blogger_medium&utm_campaign=blogger_cam

Category: Bitcoin News

Post by: TheBitTimes.com