SEC Again Postpones Long-Awaited Decision on a Bitcoin ETF
- Commission is asking for additional comments on VanEck fund
- Bitcoin prices had surged as much as 17% before the statement
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The U.S. Securities and Exchange Commission is again delaying a decision on approving a Bitcoin exchange-traded fund, disappointing virtual-currency fans who have been speculating that the regulator would soon green-light the proposal by Cboe Global Markets Inc.
The SEC on Monday asked for additional comments on a plan by Cboe to list an ETF from VanEck Associates Corp. and SolidX Partners Inc., according to a statement. Bitcoin kept its gains after the announcement, rising about 10% at 4:07 p.m. in New York.