SEC Delays VanEck’s 3rd Bitcoin spot ETF Application

The wait continues

Still waiting: SEC delays VanEck’s third Bitcoin spot ETF application

“The United States Securities and Exchange Commission (SEC) has pushed back a decision on the latest application for a Bitcoin (BTC) spot exchange-traded fund (ETF) by global investment firm VanEck.

The company has long been trying to get the green light for what will be the first BTC ETF in America, with its first application lodged with the SEC dating back to 2017, which was eventually denied.

VanEck saw a second application ruled out in November 2021 by the SEC, reasoning that the firm had not met tstandards to protect investors as well as prevent fraudulent and manipulative acts and practices.

VanEck persevered with a third application for a BTC ETF offering in June 2022 filed with the SEC, highlighting a number of reasons why the SEC should reconsider its previous decisions.”


Master Asked on August 26, 2022 in Bitcoin.
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