SEC postponed decision making on Bitcoin-ETF from VanEck and Bitwise

The United States Securities and Exchange Commission (SEC) has postponed decisions on applications for the launch of Exchange Traded Funds (ETFs) previously filed by VanEck and Bitwise Asset Management.

The request for VanEck and SolidX to change the rules of the Chicago Option Exchange (CBOE) for listing Bitcoin ETF SEC began to consider February 20. Initially, the Commission had 45 days to make a decision, but now this period has been extended to 90 days. Thus, the decision must be made before May 21.

Similarly, the consideration of the Bitwise application , which plans to launch its Bitcoin-ETF on the NYSE Arca, has been extended . The decision on it should be made before May 16.

As stated in the SEC documents, the department received 21 comments regarding Bitcoin-ETF Bitwise, in the case of VanEck, this is a “commentary letter.”

The application to start Bitcoin-ETF from VanEck was filed on January 30 after the previous application was withdrawn.

NYSE Arca and Bitwise announced their intention to launch Bitcoin ETF on January 10th . The peculiarity of this exchange investment fund is the participation of a qualified third-party custodian responsible for the storage of bitcoins.

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