The Bitcoin ETF Saga Continues
February 15 2019 - 1:14PM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
February 15, 2019 -- ADVFN Crypto NewsWire -- Just when it
seemed like things may have died down for a while on the crypto ETF
front, another filing was published today by the Federal Register,
which is where the SEC publicly lists applications of this sort.
The companies that are involved are reportedly those that attempted
to file the last reported ETF application, which was hamstrung by
the temporary shutdown of the United States government.
Now that Bitwise and NYSE Arca,
which are the companies in question, have filed another
application, the SEC reportedly has another 45 days to decide
whether or not to approval their proposal. Since actually the last
two ETF proposals apparently had good chances to be approved, there
does not seem to be much that stands in the way of this one, except
for the general fact that the SEC has the final word on the
matter.
On top of this, it also appears
that the same countdown will soon begin for the Van-Eck/Solid X
ETF, though it is not clear when since the latest edition of the
proposal still has not made its’ way to the Federal Register.
Whatever befalls either one of these proposals, two things seem
clear at this juncture.
First, it appears likely that 2019
will be the year of the crypto ETF, in only because the companies
involved in proposing such an opportunity refuse to quit until it
is. Second, until it is proved otherwise, it truly seems like the
front runners have emerged in the battle to be the first ETF to be
publicly listed.
In any case, once the 45 days are
up for Bitwise and NYSE Arca’s proposal, we will know more. Until,
crypto investors should begin by hoping that no more government
shutdowns end up standing in the SEC’s way.
By: BGN Editorial Staff
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