SEC postpones decision on Valkyrie Bitcoin ETF to August
June 23, 2021, 10:24AM EDT
1 min read
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.
Gemini Galactic, an affiliate of cryptocurrency exchange Gemini, received approval from the Financial Industry Regulatory Authority (FINRA) to operate a broker-dealer registered with the SEC and is now a FINRA member.