On September 20, 2018 the SEC or the Securities and Exchange Commission announced that its decision regarding the exchange of ETFs Cboe Bitcoin has been postponed for a later date. According to the commission's post.
"Under Article 19 (b) (2) (B) of the Act, 30 the Commission informs the disapproving grounds
taken into consideration.The Commission is establishing procedures to allow for a & Further analysis of the consistency of the proposed regulation with section 6 (b) (5) of the law, which requires, among other things, that the rules of a national stock exchange are "designed to prevent fraud" and acts and manipulative practices, to promote fair and just principles of trade "and" to protect investors and the public interest ".
It was highlighted that no defined response or results were established for the ETF and that SEC is to obtain further comments to the interested party on the proposal, as follows:
"L & # 39; institution of the procedure does not indicate that the Commission has reached conclusions on any of the problems in question, but rather as described below,
the Commission seeks and encourages the persons concerned to provide comments on the modification of the proposed rule. " As seen on the first page of the Commission communication, until 19 September 2018, it welcomed more than 1,400 comments on the proposed rule change.
In mid-July, Ethereum World News had told its readers how they could leave comments on the SEC website about the storage of a Bitcoin ETF by the CBOE (Chicago Council Option Exchange). The filing proposes a modification of the rules to list and exchange the SolidX Bitcoin Shares shares issued by VanEck SolidX Bitcoin Trust.