Bitcoin ETFs Will Either Launch Or Die This October, SEC Confirms

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The US Securities and Exchange Commission (SEC) must approve or disapprove at least two Bitcoin exchange-traded funds (ETFs) this October. 2-Month Countdown To Bitcoin ETF Decision In filings released August 12, the SEC chose to postpone final judgement on three ETFs it is currently considering. The offerings, sponsored by VanEck/SolidX, Bitwise and Wilshire Phoenix, all came before the regulator earlier this year. “The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change,” a summary common to all three filings reads. An ETF refers to a kind of financial instrument for institutional investors to gain exposure to the price of Bitcoin. So far, the SEC has refused to allow an ETF to market over various regulatory concerns, while officials have informally stated they would be open…

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