The US Securities and Exchange Commission (SEC) has once again delayed its decision on the Valkyrie Bitcoin Exchange Traded Fund (ETF). In a public notice dated first November, the chief regulatory body has extended the deadline to January 7, 2022. This is another delay in Valkyrie’s Bitcoin ETF proposal as the first extension was set for December 8 by the SEC before changing it again on Monday. Thus, it is clear that the US won’t see its first spot Bitcoin ETF this year.
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comment letters that have been submitted in connection therewith,” the notice said.
The delay in the decision for the approval of a spot BTC ETF didn’t come as a surprise for many given SEC chief Gary Gensler had made it clear that crypto ETF products linked t
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