The United States Securities and Exchange Commission (SEC) once again shows a doubtful stance towards ETFs or bitcoin exchange-traded funds (BTC).
In several notifications addressed to companies Global X, WisdomTree, Kryptoin and Valkyrie, the SEC indicated that it “considers it appropriate to designate a longer period within which to take action on the proposed rule change.”
The SEC’s statement with Regarding the change in laws, it is because the companies involved with bitcoin, have been seeking for years to slightly modify the financial laws to establish ETFs.
The government body reported that Global X will have response on your proposal on November 21. For its part, Valkyrie will receive the notification on December 8, WisdomTree on December 11 and finally Kryptoin on December 24.
In the case of WisdomTree, it is the second firm that also requests an ETF of Ethereum, when made the request official last May, as reported by CriptoNoticias.
Another company that has been waiting for a response SEC, it’s VanEck. The firm recently received the latest extension of the application review process, and the final approval or rejection decision will be announced on November 14. VanEck applied earlier this year and was admitted by the SEC last March.
SEC sees positive ETFs based on bitcoin futures
For his part, the president of the SEC, Gary Gensler has said that there is a possibility that ETFs are approved, but specifically under the strict mutual fund rules of the SEC and that they are focused on bitcoin futures, rather than the cryptocurrency itself.
Gensler’s remarks were given in the framework of the North American Conference on The Future of Asset Management, on September 29, a fact reported by CriptoNoticias.
In this activity, the official stated that the digital asset management sector does not It is only growing, but it is evolving and that the body directed by it is monitoring new strategies, structures and business practices
Another administration official of the president of the United States, Joe Biden, who spoke about bitcoin a few days ago, was the president of the Federal Reserve of the United States, Jerome Powell.
Powell affirmed that the government of his country «does not plans to ban bitcoin and cryptocurrencies. ”