VanEck-SolidX ETF Canceled?
January 24 2019 - 12:59PM
InvestorsHub NewsWire
Bitcoin Global News (BGN)
January 24, 2019 -- ADVFN Crypto NewsWire -- For months, the entire
crypto community has been awaiting the SEC’s decision on the
VanEck-SolidX exchange traded fund. In truth, they have actually
been awaiting the SEC’s decision on whether to allow any sort of
exchange traded fund related to crypto in the near
future.
Back in December, we heard that the
SEC had two months to decide if they would approve the
VanEck-SolidX proposal. Now, as of today, it appears that the
process has experienced another hitch.
As all United States citizens and
most of the world already know, the United States government is
experiencing a shutdown. This particular shutdown is so widespread
that it is affecting the performance of just about every government
agency in the country, including the SEC.
Today, CoinDesk published an
article that stated that due to the government shutdown, a proposal
by the Chicago Board Options Exchange has been withdrawn.
Reportedly, this particular proposal would have paved the road for
the SEC to actually legitimately accept the latest ETF proposal as
a viable option. Why this would have been true is quite easy to
grasp.
In short, the CBOE is a legitimate
exchange where traditional assets are traded in a regulated
environment. Reportedly, the proposal in question represented their
vote of confidence in being the first to list the VanEck-SolidX
ETF.
Now, they have withdrawn it because
they do not see it s likely that the SEC will be able to review the
ETF at all, due to the shutdown. Perhaps, because this is true, it
is time for all of us who are United States citizens and fans of
crypto to call for an end to the government shutdown, once and for
all.
By: BGN Editorial Staff
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From May 2024 to Jun 2024
Bitcoin (COIN:BTCGBP)
Historical Stock Chart
From Jun 2023 to Jun 2024
Real-Time news about Bitcoin (Cryptocurrency): 0 recent articles
More Bitcoin News Articles