Bitcoin ETF Calendar: 9 Different Crypto ETF SEC Approvals Pending in Next 6 Weeks
During the last days, we have been talking about the different crypto-exchange traded funds (ETFs) and what they mean for the cryptocurrency community. But it is not clear enough when the various ETFs are going to receive a final decision from the U.S. Securities and Exchange Commission (SEC).
Here are the Most Important ETF's:
- ProShares: August 23
- Bitwise: September 7
- Direxion: September 21
- CBOE VanEck / SolidX: September 30.
Let’s start with the final ProSHares ETF. The deadline is on August 23, 2018. The second one is the SolidX ETF, that has a first deadline on August 16, 2018, and a final deadline on February 27, 2019.
The ProShares ETF has been published by the Federal Register on December 26, 2017, and the first deadlines are 45 days and 90 days.
The first update to it was on January the 30, 2018 35 after the publication. The second update was on March 23, 2018, 87 days after the publication. The third update was on June 15, 2018, 171 days after the publication by the Federal Register. The final deadline is now on August 23, 2018, after 240 days.
It is important to mention that there are some other Bitcoin ETFs such as GraniteShares ETF (with a decision about that is going to take place in September 15, 2018) and Direxion (with date for September 21, 2018).
The most important is the SolidX VanEck ETF published by the Federal Register on July 2, 2018. The first deadline is 45 days after it, and the second one 90 days later. That means that the dates are August 16, 2018, and September 30, 2018. Of course, the SEC can give an update earlier, but in general, it takes its time to make a decision about the different topics discussed.
The final deadline is expected for February 27, 2019, 240 days after.
These are the most important dates that must be remembered by the community. The SEC can take longer time to approve the first crypto ETF, so we should expect another delay if the market does not prove to be more mature and prepared for it.
There are some experts that are already talking that the first bitcoin ETF will not be approved during this year, but instead, it will happen in 2019.
Because of the SEC’s last decision, the cryptocurrency market lost billions of dollars in the last hours. Most of the cryptocurrencies lost more than 13% and Bitcoin reached 49% market dominance.