The US Securities and Change Fee (SEC) has pushed again the choice on Bitcoin exchange-traded fund (ETF) approval for Hashdex.
This comes at a time when the crypto neighborhood is speculating over the a number of functions awaiting a choice on approval from the US SEC.
New 12 months Delay for HashDex Bitcoin ETF Software
The SEC just lately revealed a press release, outlining a choice delay for the Hashdex Bitcoin ETF till the brand new 12 months.
“The Fee, pursuant to Part 19(b)(2) of the Act,5 designates January 1, 2024, because the date by which the Fee shall both approve or disapprove, or institute proceedings to find out whether or not to disapprove, the proposed rule change.”
Study extra: How To Prepare for a Bitcoin ETF: A Step-by-Step Approach
Bloomberg analyst Eric Balchunas commented following the announcement that he doesn’t see the “SEC letting these late to celebration filings’ dates interrupt issues.”
My take has at all times been we get up in the future in coming weeks to information 19b-4s are permitted, with many particulars will play out after obv..
In the meantime, on the same tone James Seyffart commented on the matter shortly after:
“There’s the delay order for hashdex’s utility to transform DEFI from a bitcoin futures ETF to an ETF that holds each futures and spot.”
Latest Hypothesis Surrounding Approval of Bitcoin ETF
This comes after reviews that the SEC could approve Bitcoin ETFs as quickly as this week.
On November 13, BeInCrypto reported on Grayscale Funding’s CEO Michael Sonnenshien’s feedback relating to Bitcoin ETFs.
He mentioned that “it’s been a ten-year gown rehearsal. We’re prepared for the principle occasion.”
Study extra: How To Open a Bitcoin Account in 3 Easy Steps
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