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.
Title: SEC extends four Bitcoin ETF deadlines by 45 days
Sourced From: cointelegraph.com/news/sec-extends-four-bitcoin-etf-deadlines-by-45-days
Published Date: Fri, 01 Oct 2021 12:48:14 +0100
