Cryptocurrencies
SEC Punts Long-Awaited Bitcoin ETF Decision to at Least June
- Regulator was set to weigh in on VanEck’s fund application
- At least 11 issuers are considering a U.S. Bitcoin ETF: BI
Photographer: Yuriko Nakao/Bloomberg
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Crypto advocates will have to wait a while longer for the U.S. regulator’s verdict on Bitcoin exchange-traded fund approval as applications pile up.
The U.S. Securities and Exchange Commission said in a filing Wednesday that the agency is pushing its decision on whether to “approve or disapprove, or institute proceedings to determine whether to disapprove” the structure to June 17. The delay comes a day before the SEC was due to rule on an application from VanEck Associates Corp., one of at least 11 issuers weighing a Bitcoin ETF, according to Bloomberg Intelligence.