//The fate of the Bitcoin ETF will NOT be decided on August 10th, as the comment period won’t be over (securities lawyer)

The fate of the Bitcoin ETF will NOT be decided on August 10th, as the comment period won’t be over (securities lawyer)

Apparently the August 10th date was posted on some website CoinGape, where they claim a “source” said that will be when the SEC makes a decision. Unfortunately, that’s impossible, even though much of the community now seems to be under the impression that it’s a definitive date.The way this works is that the SEC issues a notice, which is then published in the Federal Register.As you will find stated clearly in the notice, the period is within 45 days from the date of publication in the Federal Register – not the date the notice is released by the SEC (edit: failure to understand this distinction is the source of the incorrect August 10th date). The date of publication in the Federal Register was July 2nd.This means they have until August 16th. Bear in mind that it can be extended, and even once the period ends, the SEC may “initiate proceedings” to assist in making a decision.Hope this is helpful and dispels any misinformation about the timing here!Let this also be a reminder that the crypto space is filled with people who don’t know what they’re talking about running websites and paid groups and passing off misinformation as fact. DYOR on everything, always.

Apparently the August 10th date was posted on some website CoinGape, where they claim a "source" said that will be when the SEC makes a decision. Unfortunately, that's impossible, even though much of the community now seems to be under the impression that it's a definitive date.

The way this works is that the SEC issues a notice, which is then published in the Federal Register.

As you will find stated clearly in the notice, the period is within 45 days from the date of publication in the Federal Register – not the date the notice is released by the SEC (edit: failure to understand this distinction is the source of the incorrect August 10th date). The date of publication in the Federal Register was July 2nd.

This means they have until August 16th. Bear in mind that it can be extended, and even once the period ends, the SEC may "initiate proceedings" to assist in making a decision.

Hope this is helpful and dispels any misinformation about the timing here!

Let this also be a reminder that the crypto space is filled with people who don't know what they're talking about running websites and paid groups and passing off misinformation as fact. DYOR on everything, always.