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.

Jun 23, 2021, 9:02 AM

Updated Aug 21, 2021, 7:02 PM

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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.

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Jamie Crawley

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