The US Securities and Exchange Commission (SEC) has again extended the deadline to make a decision on the rule change proposal filed by digital asset management firm VanEck in order to launch a Bitcoin-based ETF.
The regulator has informed through a statement it has decided to extend the deadline, which was due today, in order to have additional time to receive more feedback regarding the company's proposed rule change to launch its Bitcoin ETF.
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Notably, VanEck re-filed its application in December after making an amendment to it in order to "secure" the regulator’s approval.
Now the SEC has requested public comments on VanEck's application in order to find out whether the ETF is susceptible to market manipulation and whether the regulatory landscape has changed since 2016, when Bitcoin ETFs began to gain popularity.