SEC delays resolution on VanEck Spot Bitcoin ETF

Odaily Planet Daily News The SEC has postponed a decision on VanEck’s spot Bitcoin ETF application. The regulator said it was launching additional procedures to determine whether the proposed ETF should be approved or disapproved. The SEC requires commentators to provide comments, and they have 21 days to submit written data, opinions and arguments; there is also a 35-day rebuttal period, which means that the approval process will drag on for at least several months. In addition, the SEC stated in response to WisdomTree’s spot Bitcoin ETF application: “The initiation of proceedings does not indicate that the Commission has reached any conclusions on any of the issues involved.” The SEC also added that it hopes to have new opinions on the proposed oversight-sharing agreement with Coinbase. view. (The Block) Earlier today, Bloomberg ETF analyst James Seyffart posted on the X platform that the SEC has postponed its decision on the two spot Bitcoin ETF applications of Fidelity Investments and WisdomTree.