The SEC extends review period for VanEck and SolidX ETF to February 27, 2019
The SEC announced today that it has extended the review period to until Feb. 27, 2019 for a proposed rule change that, if approved, would allow the first bitcoin exchange-traded fund (ETF) to be listed. The original proposal was submitted by money manager VanEck, which seeks to market the ETF, and SolidX, the fintech firm seeking to act as sponsor. If approved, the ETF would be listed on the CBOE BZX Equities Exchange. This is the latest in a series of delays and outright rejections by the regulator of similar proposals. In August, the SEC rejected multiple proposals to list bitcoin-based ETFs after similarly extending the review period for those proposals.
VanEck and SolidX initially filed the proposed rule change on June 20, 2018. The SEC stated in its release today that, to date, it has received over 1,600 comments on the proposal.
OCC Approves First Crypto Bank
Blockchain Law Center | (01/14/2021)
The SEC Permits Some Broker-Dealers to Custody Customers’ Digital Asset Securities
Blockchain Law Center | (01/04/2021)
CFTC Digital Assets Primer Overview
Blockchain Law Center | (12/23/2020)
FinCEN Proposes New Digital Asset Rules to Target Money Laundering
Blockchain Law Center | (12/21/2020)
FinHub Becomes a Stand-Alone Office
Blockchain Law Center | (12/04/2020)
About Blockchain Law Center
Blockchain technology utilizes a distributed digital ledger to record and track information, and can be leveraged to gain transparency and certainty in transactions ranging from cryptocurrency to supply chain tracking. This blog provides information on the legal developments surrounding implementation of blockchain technology, with an initial focus on the financial services sector.