Share this article
BTC
$102,869.01
-
1.61%ETH
$2,466.45
-
4.18%USDT
$1.0000
+
0.01%XRP
$2.4973
+
3.30%BNB
$649.46
-
2.80%SOL
$171.58
-
2.67%USDC
$1.0001
+
0.02%DOGE
$0.2247
-
8.79%ADA
$0.7915
-
4.62%TRX
$0.2624
-
1.89%SUI
$3.9595
-
5.57%LINK
$16.46
-
6.20%AVAX
$24.42
-
4.83%XLM
$0.3057
-
2.87%SHIB
$0.0₄1533
-
10.55%HBAR
$0.2075
-
3.94%HYPE
$24.77
-
2.93%TON
$3.2942
-
5.79%PI
$1.1462
-
24.24%LEO
$8.5832
+
2.16%Sign Up
- Back to menuPrices
- Back to menuResearch
- Back to menuConsensus
- Back to menu
- Back to menu
- Back to menu
- Back to menuWebinars & Events
Advertisement
SEC Sets November Deadline for Final Decision on VanEck Bitcoin ETF
Regulators are again postponing a decision on what would be the first U.S. bitcoin ETF.
The Securities and Exchange Commission (SEC) has once again delayed ruling on VanEck’s bid for a bitcoin exchange-traded fund (ETF).
The U.S. regulator on Wednesday gave itself until Nov. 14 to approve or reject “VanEck Bitcoin Trust,” one of the earliest bitcoin ETF hopefuls to try its luck this filing cycle, and the first whose judgment day has been delayed three times.
STORY CONTINUES BELOW
That’s an important distinction: The SEC can only extend its consideration period for prospective ETFs three times. Unless it rules on one of the many other bitcoin ETF applications in the interim, Nov. 14 will yield a final answer on where VanEck’s offering stands.
Asset managers have rushed to modify their offerings in recent weeks, filing ETFs based on the bitcoin futures markets instead of the bitcoin spot market. The strategy change followed remarks by SEC Chair Gary Gensler that futures may be preferred.
Danny Nelson
Danny is CoinDesk's managing editor for Data & Tokens. He formerly ran investigations for the Tufts Daily. At CoinDesk, his beats include (but are not limited to): federal policy, regulation, securities law, exchanges, the Solana ecosystem, smart money doing dumb things, dumb money doing smart things and tungsten cubes. He owns BTC, ETH and SOL tokens, as well as the LinksDAO NFT.
