Share this article
SEC Again Delays VanEck Bitcoin ETF Decision
This is the second time the regulator has extended its review period of the VanEck bid by 45 days.
Updated Mar 8, 2024, 4:27 p.m. Published Jun 16, 2021, 8:31 p.m.
The U.S. Securities and Exchange Commission (SEC) keeps kicking the bitcoin exchange-traded fund (ETF) can down the road.
In a Wednesday filing, the regulator once again delayed passing judgement on the VanEck Bitcoin Trust.
STORY CONTINUES BELOW
The SEC renders a decision on prospective applications within 45-day windows and can take up to 240 days to make a decision. This is the second time it has extended the review period on the VanEck bid.
The approval of a bitcoin ETF in the U.S. remains the crypto industry's white whale.
In the same filing, the SEC asked for public comment on VanEck’s application. The regulator asked interested parties to answer questions about how susceptible the ETF would be to market manipulation and whether or not the regulatory landscape has changed significantly since the first time bitcoin ETF applications had garnered popular attention in 2016.
“In rejecting numerous bitcoin ETF applications, the SEC has continually stated concerns over fraud and manipulation in the underlying bitcoin spot market,” Nathan Geraci, president of the ETF Store, told CoinDesk in a recent interview. “The SEC is worried they don’t have proper surveillance over crypto exchanges and, therefore, can’t ensure adequate investor protections are in place.”
A request for comment sent to VanEck was not immediately returned.
Nikhilesh De contributed reporting.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Wrapping Up the Month
Congress continues to make progress on crypto issues but things are moving slowly.
Top Stories
