VanEck and SolidX Unfazed By the SEC’s Latest Bitcoin ETF Delay

The U.S. Securities and Exchange Commission (SEC) recently moved to delay their decision on yet another bitcoin exchange-traded fund (ETF).

The move, announced last week, represented the second delay since the proposal was initially filed by options exchange Cboe in partnership with investment management firm VanEck and blockchain technology company SolidX on June 20. As highlighted by Jake Chervinsky, an attorney at law firm Kobre & Kim, the next deadline for a decision is now December 29.

Referencing a specific section of U.S. law governing the SEC, instituting “proceedings to determine whether registration should be denied” effectively gives the Commission up to 180 days to make a decision from the date the VanEck and SolidX proposal was published for comment in the Federal Register, which was July 2.

This time around, however, neither VanEck or SolidX are particularly surprised by the latest decision.

Saying that the delay was entirely “expected,” Gabor Gurbacs, the director…