Deadline On Four Bitcoin ETF Applications Shifted To This Year Ending By SEC

The deadlines for the Bitcoin (BTC) exchange-traded fund (ETF) applications goes farther. The U.S. Securities and Exchange Commission (SEC) is pushing the approval decision taking date towards the year end.

Additionally, The regulatory body explains the need for additional time for proper examination. More so, These considerations will permit the Nasdaq Stock Market to list and trade shares. Of course, Shares of the Global X, Kryptoin, Valkyrie and WisdomTree Bitcoin ETFs.

“The Commission finds that it is appropriate to designate a longer period within which to take action…”
“…on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments.”

Related posts – Mike McGlone Says SEC Could Approve a Bitcoin Futures ETF by October

Notably, the dates for The SEC’s decisions on the Valkyrie, Global X, WisdomTree and Kryptoin ETFs is out. Consequentially, They are due on December 8th, November 21st, December 11th and December 24th, respectively. However, The Valkryie ETF becomes the only one having connection to Bitcoin futures market rather than directly to BTC. Of course, this is due to its performance links.

Notably, these changes follows SEC chair Gary Gensler,’s signal on possiblel support for a futures-based Bitcoin ETF.

“[Regarding] investment vehicles providing exposure to crypto assets, earlier this year…”
“…a number of open-end mutual funds launched that invested in Chicago Mercantile Exchange (CME)-traded Bitcoin [BTC] futures.

“…Subsequently, we’ve started to see filings under the Investment Company Act with…”
“…regard to exchange-traded funds seeking to invest in CME-traded Bitcoin futures.

“…When combined with the other federal securities laws, the ’40 Act provides significant…”
“…investor protections for mutual funds and ETFs. I look forward to staff’s review of such filings.”