Cryptocurrencies
SEC Postpones Decision on Bitcoin ETF Listing to September
- Biggest digital currency erases advance after agency comments
- Ruling delay follows rejection of Winklevoss fund proposal
This article is for subscribers only.
The U.S. Securities and Exchange Commission has postponed a decision on whether to allow the listing of an exchange-traded fund backed by Bitcoin.
The agency now has until Sept. 30 to “approve or disapprove, or institute proceedings to determine whether to disapprove” a proposed rule change from Cboe Global Markets Inc. that would allow the fund from VanEck Associates Corp. and SolidX Partners Inc. to list, the SEC said in a statement. An initial deadline was due to expire next week.