Bloomberg Law
May 20, 2019, 8:46 PM

SEC Again Postpones Long-Awaited Decision on VanEck Bitcoin ETF

Vildana  Hajric
Vildana Hajric
Bloomberg News
Carolina Wilson
Carolina Wilson
Bloomberg News

The Securities and Exchange Commission is again delaying a decision on approving a Bitcoin exchange-traded fund, disappointing virtual-currency fans who have been speculating that the regulator would soon green-light the proposal by Cboe Global Markets Inc.

The SEC May 20 asked for additional comments on a plan by Cboe to list an ETF from VanEck Associates Corp. and SolidX Partners Inc., according to a statement. Bitcoin kept its gains after the announcement, rising about 10% at 4:07 p.m. in New York.

The delay does not “indicate that the Commission has reached any conclusions with respect to any of the issues ...

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