The SEC extands the deadline on the decisions of the ETF's to Sep. 30th

[Devawnm367]

For those of you who do not have a strong understanding in fines I am going to break down who they are and what the decision will mean.

The SEC is ( The U.S Securities and Exchange Commission's)
ETF's are (Exchange Traded Funds)

On Tuesday (7 August 2018), the U.S. Securities and Exchange Commission (SEC) announced that it needed more time to make a decision regarding the VanEck-SolidX Bitcoin ETF, and it set 30 September 2018 as the new deadline.

An ETF trades like a common stock on a stock exchange. You just need a demat account and you can trade ETF.

The launch of a Bitcoin ETF would likely be a big boost for Bitcoin and other coins, as it would open the doors to institutional investors to invest in the crypto market.

[Adecrypt83]

I thought the extension is to December 30 not September 30. I think SEC has hidden agenda that's not open to the public because I can't see any tangible reasons why they continue to postponed this.

[Devawnm367]

I thought the extension is to December 30 not September 30. I think SEC has hidden agenda that's not open to the public because I can't see any tangible reasons why they continue to postponed this.

Yes you are correct since I posted this it had been extended several times lol I really don't know what to think. I also believe the unstable market does not help!