Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
The U.S. Securities and Exchange Commission (SEC) has a deadline of December 29th, 2018 to decide whether to approve the VanEck/SolidX Bitcoin Exchange Traded Fund (ETF). VanEck and SolidX hope to offer an ETF that tracks the price of Bitcoin and trades on the Cboe BZX Exchange.
In August 2018, the SEC delayed its decision until the end of 2018, and there have been some rumors that the SEC could postpone its decision yet again. However, so far the SEC has not announced any further delays, and the deadline remains December 29th, 2018.
The outcome of the decision could have a major impact on the future of Bitcoin and crypto markets. If the ETF is approved, it could boost confidence and open up Bitcoin to more investors and institutions. However, many are concerned that it would increase volatility and make the asset vulnerable to manipulation.
At this stage, the outcome of the decision is uncertain, and it’s impossible to know which way the SEC will lean. All we can do is wait and see what happens by the end of December.