SEC delays yet another bitcoin ETF rule change
Blockworks
17 Nov 2023 8:23 PM
After the SEC's filing is listed in the Federal Register, a comment period spanning at least 35 days will begin....
- The Securities and Exchange Commission (SEC) has delayed a decision on the Global X Bitcoin Trust 19b-4 rule change.
- This delay follows a series of similar delays for both ethereum and bitcoin spot ETF rule changes.
- The SEC previously delayed a decision on Sept. 26 due to concerns during a government shutdown.
- The filing opens up a comment period expected to last 35 days after it is published in the Federal Register.
- Bloomberg analyst James Seyffart stated that the delay was expected.
- Bloomberg analyst Eric Balchunas mentioned that the SEC's Trading & Markets has engaged with exchanges regarding spot bitcoin ETFs.
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What is the reason for the delay in the decision on the Global X Bitcoin Trust 19b-4 rule change?How long is the expected comment period for the filing?Who stated that the delay was expected?What engagement has the SEC's Trading & Markets had with exchanges regarding spot bitcoin ETFs?What are some of the tags associated with the article?