The U.S. Securities and Exchange Commission (SEC) has decided to delay its decision on VanEck’s latest Bitcoin ETF application by 45 days.
The watchdog wrote in a filing, “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 issues raised therein.”
The SEC has delayed its decision on a proposed rule change to list VanEck’s spot Bitcoin ETF till October 11, 2022. The filing also states that the agency did not get any comments or feedback on VanEck’s application since calling for comments on July 13, 2022.
This proposal in question is VanEck’s second Bitcoin ETF application, which it filed on June 24. VanEck filed its first application which was promptly rejected by the US SEC in November 2021.
