SEC Again Postpones VanEck Bitcoin ETF Decision
On May 21, the US Securities and Exchange Commission (SEC) once again postponed its decision on whether to approve the bitcoin ETF sponsored by VanEck/SolidX.
VanEck/SolidX’s ETF was originally filed with the SEC on June 6, 2018. The SEC has since revealed that it received more than 1,300 comments on the ETF application.
The SEC has delayed it’s decision on many occasions through 2018 and into 2019.
On May 20, the SEC requested a 35-day period for gathering more information. It asked for public input on 14 questions:
“The Commission is instituting proceedings to allow for additional analysis of the proposed rule change’s consistency with Section 6(b)(5) of the Act, which requires, among other things, that the rules of a national securities exchange be ‘designed to prevent fraudulent and manipulative acts and practices, to promote just and equitable principles of trade,’ and ‘to protect investors and the public interest.’”