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SEC Postpones Decision On VanEck Bitcoin ETF Until November
Summary: The US Securities and Exchange Commission (SEC) issued a notice on the extension of the VanEck Bitcoin ETF resolution on Wednesday, indicating that it needs to spend another 60 days, until November 14, 2021, to review the proposed rule changes. The notice read: "The Commission finds that it is appropriate to designate a longer period ...
The US Securities and Exchange Commission (SEC) issued a notice on the extension of the VanEck Bitcoin ETF resolution on Wednesday, indicating that it needs to spend another 60 days, until November 14, 2021, to review the proposed rule changes.
The notice read: "The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith".
SEC Chairman Gary Gensler stated that before approving products related to the asset itself, the SEC is more likely to approve products related to Bitcoin futures. Therefore, companies such as Galaxy and Valkyrie have applied for Bitcoin futures-related ETFs.
By Mary Liu
Tags: Bitcoin ETF,SEC,VanEck
Link: SEC Postpones Decision On VanEck Bitcoin ETF Until November [Copy]
