SEC pushes decision on VanEck Bitcoin ETF until June

SEC pushes decision on VanEck Bitcoin ETF until June


The United States Securities and Exchange Commission has extended the original 45-day window to approve a Bitcoin (BTC) exchange-traded fund, or ETF, from asset manager VanEck.

According to a filing from SEC on Wednesday, the regulatory body will push the deadline for approving or disapproving VanEck’s Bitcoin ETF from May 3 to June 17, an additional 45 days.

“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 and the comments received,” said SEC Assistant Secretary J. Matthew DeLesDernier in the filing.

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VanEck submitted the paperwork to apply for a Bitcoin ETF with the SEC last month following the asset manager withdrawing a similar application it had filed in January in partnership with blockchain startup SolidX. Both Valkyrie Digital Assets and Fidelity Investments have already filed registrations with the commission to form Bitcoin ETFs in January and March,

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