SEC postpones decision on Valkyrie Bitcoin ETF to August

Bitcoin • June 23, 2021, 10:24AM EDT
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The U.S. Securities and Exchange Commission (SEC) has postponed a decision on yet another bitcoin exchange-traded fund (ETF), this time from Valkyrie Digital Assets.

The SEC had to decide whether to approve the Valkyrie Bitcoin ETF by June 26, but it has now extended the review period for another 45 days to August 10.

The SEC said it needs "sufficient time" to consider the application. The New York Stock Exchange (NYSE) filed the Valkyrie bitcoin ETF application in April.

The delay comes a week after the SEC postponed a decision on the VanEck bitcoin ETF last week for a second time this year. The SEC at the time said it is seeking comments from interested parties on how bitcoin is resistant to price manipulation and other fraudulent acts.

Earlier this month, the SEC also delayed a decision of the WisdomTree bitcoin ETF.

Currently, there are a total of eight bitcoin ETF applications under the SEC review. The other five in the queue are applications from Fidelity, Galaxy, NYDIG, Kryptoin, and First Advisors and SkyBridge Capital.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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