According to the newest announcement on SEC.GOV, the United States Securities and Exchange Commission (SEC) determined to postpone VanEck’s proposal to ascertain a Bitcoin ETF.
The institution of VanEch’s Bitcoin ETF was just lately delayed by the SEC (once more).
Previously, in April, the SEC requested for a 45-day extension to make an approval determination, however just lately the SEC continued to announce a delay till July.
Before VanEck, many organizations filed to ascertain a Bitcoin ETF to the SEC, however most of them have been delayed by this company; Some affords have been rejected.
Typically, the Bitcoin ETF approval evaluation course of takes place inside 45 days. However, thus far, the SEC has taken as much as 240 days to evaluation Bitcoin ETFs and most Bitcoin ETFs have been rejected by the SEC.
Cryptocurrency buyers are pissed off with the SEC delaying Bitcoin ETFs time and time once more. Hopes of a totally regulated Bitcoin ETF within the US are rising slimmer.
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