SEC extends decision on 4 Bitcoin ETF applications
The US Securities and Exchange Commission has yet again delayed its decision for the approval of multiple Bitcoin Exchange Traded Fund (ETF) applications, the SEC announced on the 29th.
The examination period has been extended to an additional 45 to 60 days each for four companies – Global X, WisdomTree, Kryptoin, and Valkyrie – rescheduling on Nov. 21, Dec. 11, Dec. 24, and Dec. 8, respectively.
The notice read:
“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.”
The financial authority previously extended the decision deadline for VanEck Bitcoin Trust by 60 days to November 14, one of the several applications for ETFs it received as cryptocurrencies amassed popularity.
SEC Chairman Gensler has repeatedly suggested that Bitcoin futures ETFs are more likely to get SEC approval than Bitcoin ETFs. He also seemed to favor cryptocurrency ETFs that comply with strict rules for mutual funds and offer better investor protection.
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OhNoCryptocurrency via https://www.ohnocrypto.com/ @Gauri Bhatia, @Khareem Sudlow
