The SEC postponed the decision on the application for the creation of the first bitcoin ETF until September 30

Securities and Exchange Commission of the US postponed the decision on the application for the creation of the world's first stock index fund ETF for bitcoins until September 30. The application was filed jointly by VanEck Associates and Solid Partners. It was expected that the SEC will take a decision on it on August 10. Experts believe that compared to Cameron and Tyler Winklewossy, whose application for the creation of a bitcoin ETF was rejected in late July, VanEck Associates and Solid Partners have a better chance of securing SEC support. The ETF planned by these companies has a fairly high entry threshold, which should limit the participation of retail investors in it. In addition, their ETF provides insurance opportunities.

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