SEC postpones decision on Valkyrie Bitcoin ETF to August

advertisement

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.

Related Reading

Get Your Crypto
Daily Brief

Delivered daily, straight to your inbox.

Layer-1 Platforms: A Framework for Comparison

The Block Research was commissioned by Algorand to create Layer-1 Platforms: A Framework for comparison, which provides a “look under the hood” at seven platforms: Algorand, Avalanche, Binance Smart Chain, Cosmos, Ethereum/Ethereum 2.0, Polkadot, and Solana. We assess their technical design, related ecosystem data, and qualitative factors such as key ecosystem members to get an understanding of how they differ. Having done this analysis, we draw some insights for what the future of the broader smart contract landscape could look like for years to come. 
Read Full Story
Aug 11, 2021, 5:18PM UTC
More