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SEC Delays Decision on Valkyrie Bitcoin ETF
The SEC designated Aug. 10 as the revised date when it will approve or disapprove Valkyrie's application.
The U.S. Securities and Exchange Commission (SEC) delayed a decision on another bitcoin exchange-traded fund (ETF), this time one from Valkyrie Digital Assets.
- In a filing Tuesday, the SEC said it extended the 45-day window to make a decision, which was due to expire June 26.
- The SEC designated Aug. 10 as the revised date for a decision on the Valkyrie Bitcoin Fund.
- This announcement comes a week after the SEC delayed judgment on the VanEck Bitcoin Trust for a second time, requesting interested parties to answer questions on the susceptibility of a bitcoin ETF to market manipulation.
- An application by WisdomTree was delayed on June 2.
- The delay on Valkyrie's application, therefore, was not unexpected.
Read more: Bloomberg Analyst ‘Optimistic’ on US Bitcoin ETF This Year
STORY CONTINUES BELOW
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Jamie Crawley
Jamie has been part of CoinDesk's news team since February 2021, focusing on breaking news, Bitcoin tech and protocols and crypto VC. He holds BTC, ETH and DOGE.
