As was stated in the recent announcement of the U.S. Securities and Exchange Commission (SEC), the regulatory watchdog decided to continue proceedings considering the application for the creation of bitcoin-ETF from the New York companies VanEck and SolidX.
The initial ETF application was filed on June 6 by New York-based investment company VanEck and money management firm SolidX. According to the application, the fund will be backed with real bitcoins (Bitcoin: BITCOIN) and is going to be listed on BZX Equities Exchange (BZX) and Chicago Board of Exchange (CBOE).
U.S. regulator also asked for additional comments from interested parties addressing the sufficiency and sustainability of the BZX’s statement in order to make a final decision.
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