Bitcoin

The US Securities and Exchange Commission <a href="https://optimisus.com/news/crypto-news/the-sec-plans-to-appeal-a-court-ruling-on-ripples-xrp-sales/" rel="noopener noreferrer nofollow">(SEC)</a> has delayed its judgment on the approval of a new cryptocurrency exchange-traded fund (ETF) proposed by <a href="https://optimisus.com/market/market-news/the-brazilian-securities-and-exchange-commission-cvm-approves-the-worlds-first-solana-spot-etf/" rel="noopener noreferrer nofollow">Brazilian asset manager</a> Hashdex. This postponement comes as the deadline for the review process of the fund draws near.The Nasdaq Stock Exchange has formally requested to modify its regulations in order to include the Hashdex Nasdaq Crypto Index US ETF. This ETF will be composed of 70.54% Bitcoin and 29.46% Ethereum, with a portion of cash set aside for operational costs. Coinbase and BitGo have been chosen as custodians for the assets held in this fund.According to the Securities Exchange Act, the SEC is required to respond to applications for trust shares that are backed by commodities within 45 days from the date of filing.Nevertheless, the SEC has the authority to prolong this duration to 90 days if necessary, provided that the judgment is reached within the initial 45-day timetable. The decision deadline has been postponed to September 30, from the original date of August 16.The Chicago Board Options Exchange (CBOE) has refiled its application for Bitcoin ETF options with the SEC, including 29 extra pages that suggest potential conversations with the SEC. Promptness is crucial since any delay in the SEC&#39;s response could result in the approval date being shifted to April 25.The CBOE&#39;s endeavors to promote Bitcoin ETF options highlight the increasing fascination and potential for investment products related to crypto. As the SEC evaluates these suggestions, the results will probably influence the future of Bitcoin investments in the US. The dynamic interaction between conventional finance and digital currencies will have a pivotal impact on shaping the future of the market.

The US SEC delays its decision on Hashdex's proposed Bitcoin-Ethereum ETF

Optimisus

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