SEC Delays Verdict on Bitcoin Spot ETF from Valkyrie to 2022
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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).

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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.

SEC Rejects Application to Launch a Leveraged Bitcoin ETF

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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