US SEC Postpones Verdict on VanEck ETF Application, Again

The United States Securities and Exchange Commission (SEC) has delayed its decision on the VanEck bitcoin (BTC) exchange-traded fund (ETF) proposal, according to an official SEC filing on May 20.

The SEC has added a 35 day period for gathering more information and opinions on the proposal, which was initially filed by the Chicago Board Options Exchange (CBOE) last year.

In January, CBOE withdrew its request for a rule change when the U.S. government shutdown decreased the SEC’s operational abilities, then subsequently reapplied on January 31 after the government shutdown was resolved.

In today’s filing, the SEC lists 14 questions open to the public about the proposal, with the intent of using the answers and arguments provided to help them reach a verdict. The questions specifically pertain to protecting investors and public interest from fraud and similar exploitations. As per the report: