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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.
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