The U.S. Securities and Exchange Commission (SEC) announced Thursday that it has begun proceedings to decide whether to approve a proposed bitcoin exchange-traded fund (ETF).
The SEC published an "order instituting proceedings to determine whether to approve or disapprove a proposed rule change" filed by Cboe BZX Exchange, Inc. If approved, Cboe would have the green light to list a bitcoin ETF pitched earlier this year by money management firm VanEck and crypto startup SolidX.
As part of that process, the SEC wants more input from the public to date, according to the agency, more than 1,400 comments have been submitted.
All cryptocurrency users, especially bitcoin are waiting for this decision, I hope the SEC approves this proposal, because this will have a positive impact on the market, giving rise to the trend of the previous year where the price of bitcoin is fantastic.