SEC Opens the Door for Public Comments on Nine Bitcoin ETF Proposals

Interested parties have until October 26 to submit their statements in favor or against the crypto ETF applications, the SEC has announced.

The US Securities and Exchange Commission (SEC) is inviting comments either in support of or opposition to nine previously rejected applications for the creation and listing of Bitcoin (BTC)-related exchange-traded funds (ETFs).

The regulators are now reviewing proposed rule changes that would allow the nine ETF proposals to move forward. The SEC filed three separate amendments late on Thursday inviting comments either in favor or against the crypto products. According to the documents, interested parties have until October 26 to submit their statements. It is also noted in all amendments that until the further review is complete, the official disapproval still stands.

The SEC is also separately considering a Bitcoin ETF proposed by crypto startup SolidX and money management firm VanEck. Last month, the agency similarly requested further comments regarding the fund.

With just three months left in 2018, market observers are pointing to 2019 as the earliest a crypto ETF will come to life in the US. Many doubt the products will get the regulator’s go-ahead, and some insist it will take a physically-backed fund to garner an approval.

The road to a green light has become clearer after last month the Trump administration made its fourth appointment to the SEC, choosing Elad Roisman, who is known for his pro-crypto comments.