The US Securities and Exchange Commission (SEC) has once again extended the deadline for a verdict on Valkyrie's proposed bitcoin (EXANTE: Bitcoin) spot exchange-traded fund (ETF).
Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.
According to a statement, the regulator needs a longer period within which to approve the proposed rule change, disapprove the proposed rule change. Thus, the SEC delayed its approval (or disapproval) for Valkyrie's bitcoin-ETF to January 7, 2022.
"The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change," the notice states.
As iHodl earlier reported, the SEC delayed its verdict on four bitcoin-ETF applications at once. The SEC particularly set a new deadline for Global X Bitcoin Trust to November 21, Valkyrie XBTO Bitcoin Futures Fund to December 8, WisdomTree Bitcoin Trust to December 11, and Kryptoin Bitcoin ETF Trust to December 24.
Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.