A bitcoin EFT is an exchange-traded fund with exposure to bitcoin. Trijo News has previously reported that the U.S. Securities and Exchange Commission (SEC) has denied several different applications for bitcoin ETFs.
Now, SEC has said that they need more information before they can decide on a bitcoin ETF proposal from the investment company Vaneck and the crypto startup Solidx. SEC writes in an official notice that they want to know more about 18 key issues.
Less susceptible to manipulation
Among other things, SEC wants to have more information about a statement from the Chicago exchange BZX. The statement was that it is arguable that bitcoin is less susceptible to manipulation than other assets that already have an exchange-traded product, Cointelegraph reports.
In August, SEC moved the decision on the Vaneck and Solidx bitcoin ETF. The next decision is on September 30th. SEC can still move the decision to February next year, reports Coindesk.
