The SEC has published VanEck’s Bitcoin ETF application.
The agency must make a decision on the application within 45 days, although this period can be extended to a maximum of 240 days.
After being filed in late 2020, the U.S. Securities and Exchange Commission (SEC) has officially recognized and published VanEck’s Bitcoin ETF proposal. As of now, the regulator must issue an initial decision on VanEck’s proposal within the next 45 days.
Firm VanEck submitted its proposal last December after Bitcoin reached an all-time high price. The VanEck Bitcoin Trust Exchange Traded Fund (ETF) would trade on the exchange Cboe BZX if approved. The trust would give its investors exposure to BTC’s price, without being physically backed by the cryptocurrency.
The Bitcoin community and the general public will now have 21 days to submit comments on the SEC’s portal. Furthermore, the SEC has the power to extend the application review period for up to 240 days. Historically, the regulator
