The United States SEC [Securities and Exchange Commission] delays its decision on another Bitcoin [BTC] ETF [Exchange-Traded Fund], one from Valkyrie Digital Assets.
Within an official filing earlier on Tuesday, the SEC revealed that it extended the 45-day window to form a decision, which was due to expire on 26th June. The SEC designated 10th Aug. as the new revised date for a further decision on the Valkyrie Bitcoin Fund.
This announcement comes within a week after the SEC delayed judgment on the VanEck Bitcoin Trust for a second time, requesting interested parties to answer questions on the susceptibility of a bitcoin ETF to plug manipulation.
An application by WisdomTree was also delayed earlier on 2nd June.
The delay on Valkyrie’s application, therefore, wasn’t unexpected.