Another Bitcoin ETF Deadline Set By the SEC; November 5th

SEC


Reset your bitcoin ETF alarm clocks for November 5th. The Securities and Exchange Commission (SEC) has a new time frame for reviewing some proposed rule changes concerning several applications to list and trade bitcoin ETFs. There are nine (9) separate ETF proposals from three different applicants that were turned down a month or so ago, but the SEC (at least one commissioner anyway – Hester Pierce) agreed to revisit those applications. New amendments were filed by ProShares (2), Direxion (5) and GraniteShares (2) and all want to list on the NYSE or CBOE. Is this the BIG ONE (decision)? Will there be a bitcoin ETF? What will happen? Well, you have to wait till November 5th. That’s when yea or nay comments are due. Set those alarms BTC traders.
(Bill Taylor/ Fintek Capital)


The U.S. Securities and Exchange Commission (SEC) has outlined a time frame for reviewing proposed rule changes related to a series of applications to list and trade various Bitcoin (BTC) exchange-traded funds (ETFs).

The review period affects nine separate ETFs that have been proposed by three different applicants, according to documents filed by the SEC yesterday, Oct. 4.
The new amendments affect a pair of BTC ETFs that had been submitted by ProShares in conjunction with the New York Stock Exchange (NYSE) ETF exchange NYSE Arca. The other affected applications are the five further proposed ETFs from Direxion, also for listing on NYSE Arca – and two proposals from GraniteShares, for listing on CBOE.

The SEC has solicited “any party or other person” to file a statement in support or rejection of the proposed BTC ETFs by Nov. 5.

The regulator has outlined that its prior orders disapproving proposed rule changes for all three applicants’ proposals will remain in effect pending the Commission’s review.

In a separate notice, the SEC has filed amendments to specific changes and clarifications that had been put forward by GraniteShares regarding its proposed models of operation…


Full Story at Cointelegraph