Investment company SkyBridge Capital, led by Anthony Scarammuchi, in early May sent an application for the launch of a crypto fund Bitcoin-ETF for consideration by the US Securities and Exchange Commission (SEC).
In a statement from the regulator, published this week, it is said about the postponement of the decision on this application. Now the verdict should be rendered in August 2021, although many experts do not rule out a new date shift.
The authorities plan to consider the application until August 25. The SEC said in a statement that the commission is seeking the help of a large number of specialists.
Note that none of the applications for the launch of exchange-traded crypto funds has been approved by the American regulator.
SkyBridge Capital is included in the list of bitcoin investors. At the end of last year, Anthony Scarammuchi’s team talked about investments in BTC worth up to $ 182 million.
Former head of the Commodity Futures Trading Commission (CFTC) Timothy Massad believes that the SEC will not agree to legalize bitcoin ETFs in the near future.
The launch of such a product will accelerate the institutional adoption of the digital currency, but the regulator is unable to control the situation in this market. That is why the emergence of crypto funds in the United States is not yet possible.
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