SEC said it would make a decision regarding winklevoss bitcoin etf by Oct 12....Solidx also has an etf in the works and it has insurance...if either of these is approved ....bitcoin price will skyrocket as new institutional money on the sidelines decides to get in on the bitcoin game.
August 23, 2016.
On June 30, 2016, Bats BZX Exchange, Inc. (BZX) filed with the Securities and Exchange Commission (Commission), pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (Act) [1] and Rule 19b-4 thereunder,[2] a proposed rule change to list and trade Winklevoss Bitcoin Shares issued by the Winklevoss Bitcoin Trust under BZX Rule 14.11(e)(4). The proposed rule change was published for comment in the Federal Register on July 14, 2016.[3] The Commission has received five comment letters on the proposed rule change.[4]
Section 19(b)(2) of the Act [5] provides that, within 45 days of the publication of notice of the filing of a proposed rule change, or within such longer period up to 90 days as the Commission may designate if it finds such longer period to be appropriate and publishes its reasons for so finding or as to which the self-regulatory organization consents, the Commission shall either approve the proposed rule change, disapprove the proposed rule change, or institute proceedings to determine whether the proposed rule change should be disapproved. The Commission is extending this 45-day time period. The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change.
Accordingly, the Commission, pursuant to Section 19(b)(2) of the Act,[6] Start Printed Page 59257designates October 12, 2016, as the date by which the Commission shall either approve or disapprove or institute proceedings to determine whether to disapprove the proposed rule change (File Number SR-BatsBZX-2016-30).