SEC FLOODED WITH POSITIVE BITCOIN ETF COMMENTS

Article written by: GEORGI GEORGIEV
On June 26th, Cboe Global Markets filed an application with the SEC seeking an approval of a Bitcoin Exchange Traded Fund (ETF). The agency published the application and invited the public to comment on the matter.

MASSIVE INTEREST FOR A BITCOIN ETF

The SEC invited the public to comment on the matter of a Bitcoin ETF approximately three weeks ago. Since then, more than 90 people have submitted their comments.

That’s roughly around ten times more than the comments the commission received in April when it asked for the public’s opinion on another Bitcoin ETF listing, according to Bloomberg.

ARE WE GETTING CLOSER?

While the last filing of Cboe isn’t the company’s only attempt to get an approval for a Bitcoin ETF, this one might be the one with the greatest chance of success.

The SEC has made active moves towards shedding some clarity, outlining that Bitcoin, Ether, and other decentralized cryptocurrencies will not be classified as securities. This new position of the agency might open the door for the long-awaited approval.

What is more, the above-mentioned Bitcoin ETF frenzy is also an undeniable factor. The matter has also caught the attention of influencers such as the cryptocurrency trader and host of CNBC’s Cryptotrader Ran Neuner, who said that the “SEC has no real reason to block the next ETF.”

Bitcoinist also outlined three reasons for which we might be getting closer to an SEC-approved Bitcoin ETF.

Read the whole article here:
https://bitcoinist.com/sec-flooded-comments-bitcoin-etf/

Do you think the SEC will approve the last Bitcoin ETF listing application of Cboe?