On the 20th, SEC postponed the decision of the bitcoin ETF which Van Eck et al applied for!
The Securities and Exchange Commission of the United States announced today that it will postpone its final decision on Bitcoin ETFs filed by promising VanEck Inc. earlier this morning. As a result, VanEck’s Bitcoin ETF will be postponed for the second time, and the next decision is expected to be on August 19, 90 days later.
The SEC also postponed the decision to apply for ETFs, and divided it into 14 categories to solicit comments on questions related to investor protection and fraud and price manipulation in the virtual currency market. Stakeholders and applicants can submit relevant comments, comments and data to regulatory authorities for 21 days.
VanEck has been applying for Bitcoin ETFs to offer bitcoin trading under “regulated circumstances”, and has attracted the attention of the market since last year. Although the final decision was postponed until February this year, there is the circumstances that VanEck company withdrew the ETF application temporarily because of the closing of the government that the US President Trump issued at the end of December last year.
However, VanEck applied for Bitcoin ETFs in January and had already announced a postponement at the end of March. As the US SEC can still postpone twice for 90 days and 60 days, the final decision will be postponed again as much as possible, and it is expected that it will be around mid-October. US lawyer Jake Chervinsky predicts.
Last week, Bitwise’s Bitcoin ETF decision has also been postponed.
This time, the SEC is seeking further public comment regarding Van Eck et al.’S Bitcoin ETF.
Public comment …
A system that issues public feedback in advance, seeks opinions and information from the public, and gives feedback on the establishment, reform, and abolition of regulations by administrative agencies.
As for the required content, as before
・ “Is it designed to prevent fraud and price manipulation?”
・ We are concerned about “does not impair investment protection and the public interest”
What is the impact on the market after the announcement?
The bit coin price is recovering to 880,000 yen ($ 8000) again whether the market has given a certain sense of relief from the announcement from the SEC.
Every time, it is ETF that went down after every postponement.
There was also a talk this time that it might be dismissed, but it was once lowered a little for the usual postponement, but it returned immediately!
Isn’t the winter era of bitcoin over?
It feels like it has not been greatly influenced by the funda recently.
● 22th May is the day of Bitcoin Pizza
The day of Bitcoin Pizza is the anniversary of the first transaction with Bitcoin.
On May 22, 2010, a programmer named Laszlo Hanyecz sent 10,000 BTC to Bitcointalk users in exchange for two pizzas.
10,000 BTC was equivalent to $ 25 at that time, but it is equivalent to $ 81.7 million (approx. 8.9 billion yen) in terms of current value.
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