In line with a recently held ‘interview‘ of the managing director of ‘ETF.com’ with ‘CNBC’, the U.S. SEC [Securities and Exchange Commission] is “still in information-gathering mode” related to a Bitcoin [BTC] ETF [Exchange-Traded fund].
The managing director of а leading authority on ETFs named ‘Dave Nadig’, delivered his comments on this issue within an interview with the ‘ETF‘ Edge show.
Adding further Nadig ‘said‘:
“It’s obvious that the SEC still in information gathering mode. […] Technically, there are deadlines, however honestly they [SEC] could do what they desire, they can kick this down the road till they’re comfortable, it’s clear from what we are hearing.”
While Nadig argued that an ETF can eventually be approved, he doesn’t suppose it’s imminent, and might take at-least a quarter more. He added that the regulators can get more comfortable as the market matures within the upcoming few months.
Just yesterday, the SEC ‘proclaimed‘ that it would delay its call on a proposed VanEck Bitcoin ‘ETF‘, as it’s gathering more info from the general public. As antecedently reported, the SEC has additionally ‘delayed‘ its call on whether or not to approve or disapprove Bitwise’s ETF, and requested for comments from interested parties.
Earlier in December last year, the friendly renowned SEC commissioner ‘Hester Peirce’, also called “Crypto Mom” by the community for her dissent with the SEC’s call to reject a bitcoin ‘ETF‘ proposed by Cameron and Tyler Winklevoss, ‘added‘ that a cryptocurrency or Bitcoin ETF is “definitely possible,”but it would require some time”.
Alsoe earlier in May, former chairman of the CFTC [Commodity Futures Trading Commission] named ‘Gary Gensler’ ‘said‘ that for the cryptocurrency market to prosper and probably grow, capitalists ought to know that they have both the investor and users protection embodied within the law just in case of market manipulation or losing of personal keys, among with several other issues.