SEC Opened the CBOE ETF Filing for Public Comments
Every government authority is mandated to hear the opinion of its citizens on any and all matters that will affect the country. This is usually done through representation in parliament or the senate or congress. There is also the option of getting the opinion directly from the people.
The United States SEC (Securities and Exchange Commission) has just done that and with regards to the recent filing by the CBOE requesting that Bitcoin ETFs be regarded as securities by the regulatory body. Right now, there are a little over 20 comments on the website since the authority opened a section for comments with regards to the filing.
In a nutshell, the application of ETFs by Wallstreet firms is a clear indicator that the big money is coming into the crypto markets through the additional products of ETFs. The impact of these products is expected to be astronomical in the sense that if the SEC approves the ETFs, they would have indirectly given the green-light for mainstream investing in all other cryptocurrencies. Hence the trillions in funds will eventually end up in the crypto markets.
Friday, August 10th is the day the SEC will announce if they will approve the Bitcoin ETF from CBOE or not, so mark your calendars people because this is gonna be HUGE.
Comments on Cboe BZX Rulemaking (https://www.sec.gov/comments/sr-cboebzx-2018-040/cboebzx2018040.htm)
So how do you comment on the matter?
There are 3 methods of doing so. Please note that the file number for the BTC ETFs on the SEC website is SR-CboeBZX-2018-040.
- Online form
- Comments can be submitted via this online form.
- Email
- Send comments to [email protected].
- The subject line of your message must include the File Number for the rule. This is the number that begins “S7-” or “SR-”.
- If you attach a document, indicate the format or software used (e.g., PDF, Word Perfect, MS Word, ASCII text, etc.) to create the attachment. Please note that the SEC now accepts comment letters in PDF format. DO NOT submit attachments as HTML, GIF, TIFF, PIF, ZIP, or EXE
- Using the traditional ‘Snail Mail’
- Send 3 copies of your paper comment letter to:
Brent Fields, Secretary
Securities and Exchange Commission
100 F Street, NE
Washington, DC 20549-0609Each copy must list the “File Number” for the rule. This is the number that begins “S7-” or “SR-”.
- Send 3 copies of your paper comment letter to:
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this post is so informative and I learned a lot. thanks for sharing this.
kryptoniaID: valedjie123
Very interesting information thanks for share. ID @mejia_martinez
great one, ,makes a lot of sense My krypto id is @chetachi
let's hope it is approved, we have to move on to the era of cryptomoney
My Krypto ID @millerjtaipe
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