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SEC Delays Decision on Valkyrie Bitcoin ETF
The SEC designated Aug. 10 as the revised date when it will approve or disapprove Valkyrie's application.
Updated Mar 8, 2024, 4:27 p.m. Published Jun 23, 2021, 9:02 a.m. 1 min read
The U.S. Securities and Exchange Commission (SEC) delayed a decision on another bitcoin exchange-traded fund (ETF), this time one from Valkyrie Digital Assets.
- In a filing Tuesday, the SEC said it extended the 45-day window to make a decision, which was due to expire June 26.
- The SEC designated Aug. 10 as the revised date for a decision on the Valkyrie Bitcoin Fund.
- This announcement comes a week after the SEC delayed judgment on the VanEck Bitcoin Trust for a second time, requesting interested parties to answer questions on the susceptibility of a bitcoin ETF to market manipulation.
- An application by WisdomTree was delayed on June 2.
- The delay on Valkyrie's application, therefore, was not unexpected.
Read more: Bloomberg Analyst ‘Optimistic’ on US Bitcoin ETF This Year
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U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
What to know:
- Bitcoin has fallen to about $74,300, more than 10% below its early May peak, as rising U.S. and global bond yields sap demand for riskier, zero-yield assets.
- U.S.-listed spot bitcoin exchange-traded funds have seen more than $2.26 billion in outflows over the past two weeks.
- Speculative capital focuses on commodities...
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