SEC Extends Study of Bitcoin Funds

Bitcoin mutual fund orders are piling up Bitcoin EFT, with the U.S. Securities and Exchange Commission continuing (SEC) in evaluating its options.

The financial regulator again announced an extension of the timeline for making decisions on whether or not to approve exchange-traded funds. Bitcoin (ETF), where the Committee extended the deadlines for four applications for one period 45 a day.

New dates set by commission for Bitcoin funds

Approval has been rescheduled to a date 21 november and8 And11 And24 December, respectively, for funds Bitcoin the four Global Bitcoin Trust, And Falkiri Bitcoin Fund Valkyrie XBTO Bitcoin Futures Fund، And Wisdom Tree Bitcoin Trust' And Kryption Bitcoin  awaiting the commission's decision.

He was chairman of the Securities and Exchange Commission Gary Gensler In a recent interview with The Washington Post, he compared stable coins to poker chips.

However, he hinted that it is more open to crypto ETFs, suggesting that those that adhere to strict mutual fund rules, can offer investor protection.

Comments made by the Chairman of the Securities and Exchange Commission are weakened Gary Gensler, hopes for rapid approval of ETFs for Bitcoin This year.

The Securities Regulatory Authority is currently studying applications from more than 20 Company, is expected to lead the approval of the first investment fund of Bitcoin, by the Securities and Exchange Commission, to raise the technical indicators of the asset, with the entry of traditional investors into the market.