According to a filing on Wednesday, the SEC is pushing the timeline for its decision to June 17, 2021. The extension comes as recently confirmed SEC head Gary Gensler begins to review applications.
Although the lineup of companies seeking to get a nod from the SEC is increasing, VanEck’s Bitcoin ETF is a first of its kind. The product seeks to give investors direct exposure to the asset. Meanwhile, other ETF products focus on giving investors Bitcoin exposure via stocks of related companies.
A section of the filing explained:
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Source: Cryptocurrency - investing.com
