After 9th November: 9 Bitcoin ETF rules for the rule

mediavoice (54)in #busypay • 6 years ago

Disclaimer: This article is not meant to provide financial advice. There is no additional opinion here that it is a completely author and does not represent the opinions of ethereum world news or any of its other authors. Please do your own research before investing in one of the many crypto trunks available. Thank you.

image-source

Its return in late August broke the news that the SEC was reviewing the first nine rejected Bitcoin (BTC) ETFs. What happened to this is that there was rejection as a result of handing over some of the commission's work to its employees. These employees had acted on behalf of the commission and followed the dismissal of 9 bitcoin ETFs. Although it is due to the rules of the regulatory body, this commission has the power to review such 'representative' decisions.

It is an illusion that the last date for the SEC was October 26:

image-source

The SEC commission announced that it is reviewing 9 BTC ETF, the news spread like a forest fire that they had fixed a new deadline of October 26. This date was accepted by many people when SEC 9 will decide this fate of proposed rules changes. However, this was not the case.

This is on November 5: Real time limit for comments:

Apart from this, while announcing the review of the ETF proposals by investigating the subsidiary documents given by the SEC, Direxion (5), granite share (2) and Proshare (2), they find that for all the relevant parties, all of November 5 Timeline is on ETF. This general statement on all these documents is as follows.

Accordingly, according to the rule of commission of 431, it has been ordered that till 05 November 2018, any party or its other person can register a statement in support of these works or in opposition to the representative authority. .

This announcement can come at any time after 5th.

image-source

Given that the actual deadline for comments is November 5, they can assume that the SEC will announce any time soon after the date quoted.

It has been concluded that the SEC 9 above is ready to make a decision on the pending Bitcoin ETF applications. It is seen that on 5th November there is the last date for filing a comment about ETF for any related party, they can assume that the SEC will announce soon. Therefore, its crypto traders are advised to factor themselves in planning their weekly business strategies.

What are your thoughts on 9 pending Bitcoin ETFs? Do you think they will be approved?source

#bitcoin #etf-rules #proposals #busy