The US SEC has postponed, once again, its ruling regarding VanEck’s bid for creating a bitcoin ETF. The new deadline is November 14th. Until then, the SEC has to decide if it approves or rejects the VanEck Bitcoin Trust which is one of the earliest to submit a Bitcoin ETF application.
So far, the decision has been postponed a total of three times, which is very important to note as the US SEC is allowed to extend the consideration period for prospective ETFs a maximum of three times.
Unless the SEC gives an answer for one of the other waiting bitcoin ETF applications, it means that on November 14th, we will have a final answer on where VanEck’s offering stands but also on the possible future of Bitcoin ETFs in the US.