The Securities and Exchange Commission (SEC) is delaying its decision on VanEck and Cboe’s application to list a bitcoin exchange-traded fund. The SEC published an order on 28 April extending its 45-day decision window to 90 days.
The SEC has now given itself an extra 45 days to consider the proposal. The order designates June 17, 2021, as the decision deadline, though this window could be extended further to encompass a 240-day decision period.
“Accordingly, pursuant to Section 19(b)(2) of the Act, the Commission designates June 17, 2021, as the date by which the Commission shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change,“ said the order.
Source: https://www.cryptocompare.com/email-updates/daily/2021/apr/29/
