Nine Bitcoin (BTC) ETF Proposals To Be Reviewed by The SEC After November 5th


In August, crypto news portals started to report that the SEC was reviewing nine earlier rejected Bitcoin (BTC) ETF proposals. However, the rejections came as the outcomes of the staff delegated by the Commission with some tasks. Now, the Commission has the right to review such decisions, and that's why the SEC will discuss, again, the nine Bitcoin (BTC) ETF proposals after November 5th.

Nine Bitcoin (BTC) ETF Proposals To Be Reviewed by The SEC After November 5th

Right after the announcement that the SEC would review those nine Bitcoin ETFs, news portals spread the information that the Commission would do that on October 26th. However, that's a misunderstanding as the actual deadline for the review was set on November 5th, 2018.

And that's official information as the SEC reported it. According to the Commission, the review of the Bitcoin (BTC) ETF proposals by Direxion (5 applications), GraniteShares (2), and ProShares (2) would take place soon after November 5th.

“Accordingly, IT IS ORDERED, pursuant to Commission Rule of Practice 431, that by November 5, 2018, any party or another person may file a statement in support of, or in opposition to, the action made pursuant to delegated authority,” the common statement on all these documents reads.

The decisions on the nine Bitcoin ETFs might come anytime after the before-mentioned date

According to the information made available by the Commission itself, would be more likely that the SEC would come out with a statement on the nine Bitcoin ETFs on November 5th or soon after that date.

Most likely, the SEC would inform the news portals on its decision regarding the nine pending Bitcoin (BTC) ETF proposals filed by Direxion, GraniteShares, and ProShares immediately after the ruling is taken which could be precisely on November 5th which is Monday.

In conclusion, after this weekend ends, we might finally find out whether the SEC approved a Bitcoin (BTC) ETF or not.

Coins Mentioned

BTC

Bitcoin

Icon
1xBit

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
Nitrogen Sports

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
7bitcasino

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
BitStarz

Lorem Ipsum is simply dummy text of the printing and typesetting industr...

Icon
FortuneJack

Lorem Ipsum is simply dummy text of the printing and typesetting industry....

Exchanges
Icon
CEX.IO

Read Review - Website

Icon
Coinbase

Read Review - Website

Icon
Binance

Read Review - Website

Casinos
Icon
7bitcasino

Read Review - Website

Icon
BitStarz

Read Review - Website

Icon
FortuneJack

Read Review - Website

Sportsbook
Icon
1xBit

Read Review - Website

Icon
Nitrogen Sports

Read Review - Website

Icon
SportBet.io

Read Review - Website

Trending news

Binance

Trending news

Top Exchanges
Icon
CEX.IO

4.00

Read Review - Website

Icon
Coinbase

4.48

Read Review - Website

Icon
Binance

4.50

Read Review - Website

Top Casinos
Icon
7bitcasino

4.20

Read Review - Website

Icon
BitStarz

4.93

Read Review - Website

Icon
FortuneJack

4.55

Read Review - Website

Top Sportsbook
Icon
1xBit

4.03

Read Review - Website

Icon
Nitrogen Sports

4.73

Read Review - Website

Icon
SportBet.io

4.60

Read Review - Website

Eduard Watson Author

An experienced finance writer for more than 10 years, active industry watcher, and gadget enthusiast.

1613 Articles
7255 Followers