The SEC faces delays in deciding whether to approve the first Bitcoin ETF.
The US SEC delayed a decision on the Winklevoss Bitcoin ETF decision for months.
The SEC has delayed a decision on whether to approve the proposed Winklevoss Bitcoin Trust ETF, which would be the first of its kind, according to U.S. Securities and Exchange Commission documents. The delay, which was requested by the SEC, will push back a decision on whether to approve the Bitcoin ETF until at least Sept. 30, 2018.. Read more about valkyrie bitcoin fund and let us know what you think.
The US Securities and Exchange Commission has delayed its decision on the approval of a bitcoin exchange-traded fund (BTC).
The SEC has delayed its decision on the bitcoin ETF application of Texas-based family investment fund Valkyrie Digital Assets after receiving comments on a proposed rule change for the new fund.
According to an official statement released by the SEC on Tuesday, the commission deemed it appropriate to provide a longer period for the proposed rule change for the bitcoin ETF. Valkyrie initially filed the Valkyrie Bitcoin Trust with the New York Stock Exchange in January of this year.
The SEC noted that it received comments on the fund that were published in May 2021. The agency said it extended the review period for the ETF by 45 days and would issue a decision on the 10th day. August has been postponed.
The new regulatory delay comes shortly after the SEC delayed approval of another large bitcoin ETF by extending the assessment period for VanEck’s Bitcoin Trust for the second time this year last week. The regulator said the SEC will seek additional comments from the public during a 45-day period.
Related: VanEck files new bitcoin futures fund with U.S. Securities and Exchange Commission (SEC)
Jan van Eck, CEO of VanEck Associates, said approval could be just a matter of time, given the high demand for bitcoin ETFs in the US. The actor also hinted that this latest delay might not be the last. You don’t have to make a decision in August. It’s kind of an artificial deadline, just like last week. The SEC is just not moving fast enough at this point, he said.The Securities and Exchange Commission (SEC) has delayed its decision on getting a Bitcoin exchange-traded fund (ETF) approved — for the second time. The agency first announced its decision to reject a Bitcoin ETF in May. The SEC will now revisit its decision, according to a statement released by the agency on Wednesday. The agency has requested a 90-day extension in order to review the proposed rule change submitted by SharesPost on behalf of the Winklevoss Bitcoin Trust. The Winklevoss Bitcoin Trust was rejected by the SEC in July. The Securities and Exchange Commission (SEC) has delayed its decision on getting a Bitcoin exchange-traded fund (ETF) approved — for the second time. The agency first announced its decision to reject a Bitcoin. Read more about bitcoin etf vanguard and let us know what you think.
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