SEC opens to comments on whether to approve VanEck Bitcoin ETF
The filing came before the commission's June 17 deadline to approve or disapprove of the Bitcoin ETF following an extension in April. The U.S. Securities and Exchange Commission has issued an order allowing the public to comment on the proposed rule change surrounding the Bitcoin exchange-traded fund from asset manager VanEck.According to a Wednesday filing from the SEC, the regulatory body has not yet reached a decision on whether to approve or disapprove of VanEck’s Bitcoin exchange-traded fund, or ETF, but “seeks and encourages interested persons to provide comments” on the proposal.....
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The U.S. Securities and Exchange Commission (SEC) is currently seeking additional commentary from the public, as the regulating body ponders the Vaneck bitcoin exchange-traded fund (ETF) decision. In a notice published on Wednesday, the SEC thinks “interested persons” should provide comments on the proceedings. SEC Is Looking for Comments Concerning Vaneck’s Proposed Bitcoin ETF Listing In December 2020, New York-based investment management firm Vaneck filed with the SEC to list a bitcoin ETF. Following the original filing, in March 2021, the Chicago Board Options....
It’s unclear why both asset managers chose to apply for and withdraw seemingly similar applications for Ether ETFs on the same days. Less than two days after submitting separate applications to the United States Securities and Exchange Commission (SEC), asset managers VanEck and ProShares have seemingly decided not to pursue exchange-traded funds (EFTs) with exposure to Ether.In individual Friday filings with the SEC, legal representatives of VanEck and ProShares both said the firms had elected not to proceed with registering their respective Ether-based exchange-traded funds. VanEck had....
It is Bitcoin ETF decision season once again for America’s securities regulator amid a changing of the guard at the commission. The United States Securities and Exchange Commission now has 45 days to deliver an initial decision on the VanEck Bitcoin (BTC) exchange-traded fund filing having officially published the company’s submission on its website on March 15.Now, the SEC has to approve, decline or extend the review period for the Bitcoin ETF filing within the 45-day window. The SEC can extend the deliberation window up to 249 days before delivering a final decision. The public also has....
"We think we're likely to see one in the coming year or two, but we don't have a firm timeframe as to when the answer would be yes," said Todd Rosenbluth. According to an analyst at CFRA Research, VanEck, Fidelity Investments, and Valkyrie Digital Assets may not see their Bitcoin exchange-traded funds, or ETFs, approved by U.S. regulators for up to two years.In an interview on CNBC’s ETF Edge Monday, Todd Rosenbluth, head of ETF and mutual fund research at CFRA, told host Bob Pisani that he believed the U.S. Securities and Exchange Commission, or SEC, would extend the timeline for....
Bitcoin EFT applications are piling up as the United States Securities and Exchange Commission (SEC) continues weighing its options. Wall street’s most powerful regulator has once again extended the timeline on making decisions as to whether or not it will approve Bitcoin Exchange-Traded Funds (ETF). The commission extended the deadlines on four applications by 45 days. The first decision on a proposed rule change that would allow the listing and trading of Bitcoin ETF has been put off till November. New Deadlines Set By SEC Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund,....