The SEC has again delayed its decision on VanEck’s application for the Bitcoin (BTC) ETF.
The SEC has issued an extension notice, stating that the review will take another 60 days. The SEC will make its decision on the Bitcoin ETF on November 14, 2021.
On March 1, 2021, the Cboe BZX exchange filed with the SEC to list VanEck’s Bitcoin ETF.
It can take up to 180 days from filing for the SEC to make its decision. In other words, under normal circumstances, the decision should be made on September 15. However, if the regulators deem it appropriate, they have the option to extend this period for another 60 days.
In addition to VanEck, ETF applications from Valkyrie, Fidelity, WisdomTree, Kryptoin and Skybridge are also on the SEC’s desk. It is worth remembering that the regulator has not approved any Bitcoin ETF applications so far.
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