SEC Delays VanEck Bitcoin ETF Verdict for Third Time
Main page News, US Market, Bitcoin, SEC, Bitcoin-ETF
Hot topic
Sept. 9, 2021

The US Securities and Exchange Commission (SEC) has delayed its decision on VanEck's bitcoin-ETF for third time this year. The new deadline is set for November 14. The agency once again said in an extension notice it decided to designate a longer period within which to take action on the proposed rule change so that it has "sufficient time" to consider on the application.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

The SEC's first delay for VanEck's application happened in April this year. Back then the watchdog cited the same reason for the delay. A few months later — in June — the SEC again delayed its approval or disapproval of the ETF.

Bloomberg: SEC to Approve Bitcoin ETF in October

Earlier this year, VanEck launched the VanEck Vectors Digital Transformation ETF (DAAP), a new fund with exposure to the cryptocurrency-related companies. The ETF tracks the price and yield performance of the MVIS Global Digital Assets Equity Index, which is focused on performance of crypto-related companies.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

Read also:
Please describe the error