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US SEC postpones VanEck’s Bitcoin ETF decision to June

Cryptocurrency

First decision postponed

The US SEC (Securities and Exchange Commission) has said that it will postpone the decision to the exchange-traded fund (ETF) of the crypto asset (virtual currency) Bitcoin (BTC) applied for by VanEck and Cboe.

VanEck’s Bitcoin ETF was accepted by the SEC on March 15th and officially entered the review phase. The deadline for the first decision was around April 29th.

In this document, the SEC has postponed the decision schedule for 45 days and set the next decision to be around June 17th.

The postponement does not mean disapproval of the application, it is just part of the SEC’s review process. The SEC can extend the decision period by up to 240 days from the date of acceptance and can make the final decision by around November 10. Previously, there was a history of using the postponement process for Bitcoin ETF applications.

Currently, in addition to VanEck, the SEC is accepting and reviewing Bitcoin ETF applications from WisdomTree and Kryptoin. The dates for the initial judgment of each are “around May 23” and “around June 6”.

In addition to the three ETFs mentioned above, major investment companies such as SkyBridge, Galaxy Digital, and NYDIG are also applying for Bitcoin ETFs, and a total of nine Bitcoin ETFs in the United States are now waiting for the SEC’s decision. ..

Relation:Bitcoin ETF (Exchange Traded Fund) Latest Information Summary

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Author: Lewis Kikutani
Reference: SEC

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“Cryptocurrency” means “cryptographic assets”

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