The U.S. Securities and Exchange Commission (SEC) extended the review period for Valkyrie Digital Assets’ application to launch ETF based on Bitcoin to August 10, 2021.
In January, Valkyrie Digital Assets filed an application to launch a Bitcoin fund. The regulator began reviewing the document on April 23, when the New York Stock Exchange sent the listing application for the vehicle. Forty-five days were allotted for this — until June 6. By law the SEC may extend the period to 240 days.
Earlier the regulator delayed again the consideration of VanEck’s Bitcoin ETF filing. The Commission was to make a decision by June 17.
On June 15, the SEC issued a similar decision regarding Kryptoin Investment Advisor — the review period was extended to July 27.
In May the regulator delayed making a decision on the WisdomTree Bitcoin ETF filing until July 14.
In May, the Bitcoin hedge fund One River Asset Management filed for a Bitcoin ETF. Its distinguishing feature will be the purchase of ‘carbon credits’ to offset CO2 emissions associated with mining the acquired assets.
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