SEC pushes decision on VanEck-SolidX Bitcoin ETF to 2019

The U.S. Securities and Exchange Commission has yet again pushed the decision deadline for a Bitcoin ETF proposed by investment management firm VanEck and blockchain startup SolidX. In a public notice, the SEC announced the new deadline for the ETC decision, pushing the date to February 27, 2019. The VanEck-SolidX Bitcoin ETF, is unique from other Bitcoin ETFs on the market, in that it deals with actual bitcoin, rather than bitcoin derivatives. According to Gabor Gurbac, Director, Digital Assets Strategy at VanEck, the ETF delay was "expected."

Yesterday, at the Digital Asset Investment Forum in Washington DC, SEC Commissioner Hester Peirce warned the audience about holding their breath on a crypto ETF approval. "I do caution people to not live or die on when a crypto or bitcoin ETF gets approved," Peirce said. (Source: SEC)