VanEck would have to wait for nearly two months to see if the SEC would reject or approve its newest Bitcoin ETF application.
Global investment manager VanEck has once again been made to wait longer for the U.S. Securities and Exchange Commission to decide on the company’s latest Bitcoin exchange-traded product application.
The watchdog refuses to approve a spot Bitcoin ETF in the country, while it has granted a few futures-based ones., which reads that it will delay its decision on a proposed rule change to list VanEck’s spot Bitcoin ETF till October 11, 2022. According to the document, the Commission did not get any comment or feedback on the company’s application since calling for comments on July 13, 2022.“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.”
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