The Securities and Exchange Commission (SEC), has previously been somewhat unkind to the bitcoin exchange-traded funds (ETF), however, in a recent amendment, it is proposing to revisit the currently set rules regarding the trading and listing of the bitcoin ETF.
However, the current amendment only poses itself as a suggestion and the restrictions initially put on the crypto ETF still remain binding. The decision regarding this matter will come through after October 26 up to which time those who wish to support or oppose the bitcoin ETF can do so.
“Accordingly, IT IS ORDERED, pursuant to Commission Rule of Practice 431, that by October 26, 2018, any party or other persons may file a statement in support of, or in opposition to, the action made pursuant to delegated authority.”
WHY IS IT IMPORTANT?
- While rather being a seed of a thought and not a blossoming idea, this amendment could be the begging of a more positive SEC outlook on the whole crypto ETF affair.
- This is a chance for the people who are concerned with this matter to voice their opinions.
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