Bitcoin ETF: Will August 10th Mark The Revival of High Bitcoin Price?

Bitcoin ETF fate is finally going to be decided on August 10. Currently, SEC is asking for comments on the listing and trading of Bitcoin ETF introduced by VanEck SolidX Bitcoin Trust that will be catering to only accredited investors.

The proposed date by SEC to give its decision is August 10 that by extension will also decide the fate of cryptocurrencies and if trillion dollar funds will finally pour in the crypto market.

A few days back, the US Securities and Exchange Commission (SEC) opened the CBOE ETF filing for public comments which is most likely to be concluded on August 10.

The official website of SEC states, "Comments on Cboe BZX Rulemaking" in regards with the "Notice of Filing of Proposed Rule Change to List and Trade Shares of SolidX Bitcoin Shares Issued by the VanEck SolidX Bitcoin Trust".

This proposal calls for the listing and trading of SolidX bitcoin-based exchange-traded fund (ETF) which states that it will only invest in bitcoin. SolidX and VanEck came together for this in early June. It was not even their first attempt, but the third one to build a bitcoin investment project.