The US Securities and Exchange Commission has postponed the decision on the application of the Valkyrie Digital Assets ETF for Bitcoin until January 7, 2022.
The US Securities and Exchange Commission (SEC) has again postponed the decision to approve the proposed Valkyrie Digital Assets ETF on bitcoin derivatives “to study all the necessary materials.” V
a statement it is said that the commission is extending the period for considering the application until January 7, 2022, previously the deadline was set to December 9.
“The Commission considers it appropriate to set a longer period during which it is possible to issue an order approving or rejecting the proposed rule change. Sufficient time is needed to consider the proposed change and the issues raised in the letters and comments that were sent, ”the notice said.
On October 28, it became known that the US Securities and Exchange Commission asked the management of Valkyrie to withdraw the submitted application. According to a source in The Wall Street Journal, the regulator is currently planning to focus on funds without margin trading. Recall that Valkyrie Digital Assets filed an application with the SEC to launch an ETF for cryptocurrency derivatives back in August. Then the regulator had three applications for consideration from ProShares, Invesco and VanEck. Only the first of them received approval.
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