SEC postpones decision on SolidX Bitcoin ETF

posted about 6 years ago
According to a document published on 06/09 to the U.S. Federal Register, the Securities and Exchange Commission (SEC) postponed decision to list and trade shares of the SolidX Bitcoin Trust under the New York Stock Exchange (NYSE).

"Section 19(b)(2) of the Act [4] provides that, within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The 45th day after publication of the notice for this proposed rule change is September 16, 2016. The Commission is extending this 45-day time period." - said in a notice.

"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."

Finally SEC designates October 31, 2016, as the date by which the Commission should either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change
Tags: news, bitcoin