The U.S. Securities and Exchange Commission (SEC) extended the deadline for reviewing Kryptoin Investment Advisor’s application to launch a Bitcoin-based exchange-traded fund (ETF) to July 27, 2021.
“The Commission believes it is appropriate to designate a longer period during which a decision on the proposed rule change must be made, so that it has enough time to review the proposal and collect comments,” the notice said.
In October 2019, Kryptoin filed with the SEC an application to launch a Bitcoin ETF. In April 2021 the company updated its form, indicating Cboe BZX as the proposed trading platform.
The regulator began reviewing the latest application on April 23.
In the same month, the SEC delayed a decision on the VanEck Digital Gold ETF.
In May, the regulator extended the review of WisdomTree’s Bitcoin ETF application to July 14. All three companies chose Cboe as the proposed trading venue.
Earlier in May, the SEC began reviewing applications from SkyBridge Capital and Fidelity Investments for launching a Bitcoin ETF. If approved, the first instrument would be listed on Cboe BZX, the second on the New York Stock Exchange.
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