The US Securities and Exchange Commission (SEC) once again postponed the decision on three applications for the launch of traded exchange-traded funds (ETFs) of bitcoin.
Applications were submitted this year by Bitwise Asset Management, VanEck and SolidX, as well as Wilshire Phoenix. It is reported that a decision on the Wilshire Phoenix Foundation application should now be made by September 29, and Bitwise, VanEck, and SolidX applications will be reviewed by October 13 and 18, respectively.
Note that the regulator has repeatedly postponed the time for deciding on applications for bitcoin ETFs, explaining this with “fears of fraudulent actions” in the industry. To date, the Commission has not approved a single application for the launch of exchange traded funds tied to bitcoin.
Earlier, VanEck’s digital asset strategy director Gabor Gurbacs said the SEC should approve Bitcoin ETFs if it wants to support the US economy. The launch of such funds may be an impetus for the development of the American economy for the next decade.