SEC delays the VanEck ETF to its maximum period of consideration

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The United States Securities and Exchange Commission (SEC) has decided to hold off the decision regarding a Bitcoin exchange-traded fund (ETF) once more.

The SEC announced the news in a document which outlines the reason for delaying the decision to list the ETF by VanEck and Solid Xon the Chicago Board Options Exchange (CBOE):

“The Commission finds it appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider this proposed rule change.”

The rule change was first suggested on the 2nd of July 2018, as published in the Federal Register. The greatest window period of  240 days (as declared by the SEC) puts


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