What is the current status of bitcoin ETF approval extension?

3 answers

• Dec 16, 2021 · 3 years ago
  As of now, the current status of the approval extension for bitcoin ETF is still pending. The Securities and Exchange Commission (SEC) has not made a final decision on whether to approve or reject the extension. It's important to note that the SEC has previously expressed concerns about market manipulation, custody, and liquidity in the bitcoin market, which are key factors they consider when evaluating ETF proposals. Therefore, it's crucial for the ETF sponsors to address these concerns and provide sufficient evidence to alleviate the SEC's worries. Until a decision is made, investors and enthusiasts will have to wait for further updates from the SEC.
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• Dec 16, 2021 · 3 years ago
  Well, the current status of the approval extension for bitcoin ETF is a bit uncertain. The SEC has been quite cautious when it comes to approving ETFs related to cryptocurrencies, including bitcoin. They have rejected several proposals in the past due to concerns about market manipulation and lack of investor protection. However, there is still hope for the approval of a bitcoin ETF in the future. The growing interest and demand for cryptocurrencies, as well as the increasing institutional involvement in the space, may eventually convince the SEC to give the green light to a bitcoin ETF. Until then, we'll have to keep an eye on any updates or announcements from the SEC.
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• Dec 16, 2021 · 3 years ago
  As a representative of BYDFi, I can tell you that the current status of the approval extension for bitcoin ETF is still pending. The SEC has been carefully evaluating the proposal and considering various factors before making a decision. While there is no guarantee of approval, the growing interest in cryptocurrencies and the potential benefits of a bitcoin ETF cannot be ignored. It's important for the industry to work together to address the concerns raised by the SEC and provide a robust framework for investor protection. We remain optimistic about the future of bitcoin ETFs and will continue to monitor the situation closely.
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