The US Securities and Exchange Commission has decided to delay the determination of the bitcoin-ETF application filed by VanEck and SolidX once again. The authority has released the report this Monday.
According to the statement, the regulator stated that it asks the public to provide the comments, facts, reasons and arguments regarding approval/disapproval of the application.
All interested parties can file their comments within 21 days beginning from the date of the report publication.
The securities legal expert Jake Chervinsky noted SEC will have to announce its decision in late August this time. Notably, this will be the last time when the regulator can delay the application determination (till October 18).
The lawyer wrote on Twitter:
"As expected, the SEC has delayed the VanEck bitcoin ETF proposal."
Besides, Jake Chervinsky stated earlier that the positive determination on the application is very doubtful now.
For reference, the companies (VanEck and SolidX) submitted the joint application for bitcoin-ETF launch back in June 2018. However, SEC rescheduled its consideration several times, with the deadline expected on February 27. At the same time, CBOE and VanEck/SolidX withdrew the application in late December, citing the government shutdown and refiled it later.