According to Decrypt, VanEck, a New York-based asset management company, is compelled (for the third time) to wait for the SEC’s decision on its most recent application for a Bitcoin (CRYPTO: BTC) exchange-traded fund (ETF).
VanEck submitted its most recent spot Bitcoin ETF application on June 24. It applied in 2017, and again in 2021 — the SEC had until Aug. 27 to make a judgment.
The SEC said in a filing on Aug. 24 that it would postpone making a decision on VanEck’s application for an additional 45 days, until October 11, saying it would “either approve or disapprove, …
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