🔎❓Canaccord, the largest investment company in Canada, in solidarity with several reputable experts, said that the approval of the ETF in 2018 is unlikely.
In the official report on Blockchain and Digital Assets: US Equity Research, Michael Graham and Scott Such, Canaccord researchers wrote: "Although the decision on the VanEck SolidX Bitcoin Trust application, which many consider the main candidate for potential approval, should be made soon, more likely the whole SEC will postpone, again and again, in which case the decision can be postponed until the beginning of 2019. "
Recall, today it became known that the decision was postponed until September 30.
Historically, the Securities and Exchange Commission (SEC) has been reluctant to approve the ETF on the basis of new assets and goods. In the case of BTC, as can be seen from the refusal of the ETF from SolidX and the Winklevoss brothers in 2017 and 2018, the SEC does not prefer to publicly disclose its decision to the final deadline, regardless of the outcome of their internal discussion.
Therefore, despite the fact that the bids for Bitcoin-ETF from VanEck-SolidX and CBOE are highly likely to be approved, the commission will not publicly disclose its decision until the final date, that is, February 2019. ⏳
In the official report on Blockchain and Digital Assets: US Equity Research, Michael Graham and Scott Such, Canaccord researchers wrote: "Although the decision on the VanEck SolidX Bitcoin Trust application, which many consider the main candidate for potential approval, should be made soon, more likely the whole SEC will postpone, again and again, in which case the decision can be postponed until the beginning of 2019. "
Recall, today it became known that the decision was postponed until September 30.
Historically, the Securities and Exchange Commission (SEC) has been reluctant to approve the ETF on the basis of new assets and goods. In the case of BTC, as can be seen from the refusal of the ETF from SolidX and the Winklevoss brothers in 2017 and 2018, the SEC does not prefer to publicly disclose its decision to the final deadline, regardless of the outcome of their internal discussion.
Therefore, despite the fact that the bids for Bitcoin-ETF from VanEck-SolidX and CBOE are highly likely to be approved, the commission will not publicly disclose its decision until the final date, that is, February 2019. ⏳