SEC postponed the decision on the application of GrayScale to launch a spotcin-bitcoin -etf

The US Securities and Exchange Commission (SEC) postponed the decision on the statement of Grayscale Investments to launch a spot-bitcoin-etf.

The department took an additional time to study the capabilities of the company to suppress fraudulent or manipulative practice in the spot market. SEC is also interested in https://gagarin.news/news/thailands-sec-tightens-rules-for-cryptocurrency-advertising/ the degree of compliance of its liquidity and transparency as a basic asset for the exchange fund.

SEC is waiting for public comments within the next 21 days. The answers will be presented over the next two weeks after that.

Bloomberg analyst James Seyffart calculated that the final verdict on the application from Grayscale should be expected on July 6.

Annnnndd heere it is. The Official Sec Dlavay on $ GBTC Attempt to Convert to A Spot #Bitcoin ETF. 100% Expected. Final Decision Date for $ GBTC Will Be on/Around Joly 6th. Link for Those Interested: https: // t.CO/9YJVBMBBA https: // t.CO/WZ4NERNHBZ PIC.Twitter.COM/M6KBSQZPZ3

– James Seyffart (@jseyff) February 4, 2022

On February 2, the commission postponed the decision regarding a similar application from BitWise.

Recall, Grayscale has applied for converting a digital gold to the exchange fund based on the first cryptocurrency on October 19, 2021.

On December 17, according to the results of the consideration, the SEC postponed the decision until February 6, 2022.

Previously, the regulator approved applications for the launch of ETF based on Bitcoin Futures from Vaneck and Valkyrie Investments, as well as Proshares. Grayscale Investments called the SEC actions “arbitrary and unlawful”.

In December 2021, the regulator rejected the WisdomTree application for launching a spotcin-bitcoet. Earlier, the commission made a similar decision regarding a similar offer from Vaneck.