Breaking: SEC Delays Decison on VanEck Bitcoin ETF Proposal

Published by
Breaking: SEC Delays Decison on VanEck Bitcoin ETF Proposal

The Securities and Exchange Commission of the US has delayed the VanEck Bitcoin ETF proposal until June. SEC usually takes upto 45 days to decide on the proposed filing from the day of registration. The 45-day window for the VanEck proposal ends on May 3.

The official filing read,

“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the comments received,”

There are a total of 8 Bitcoin ETF applications pending before the SEC this season waiting for approval. Before the current filing spree, the US SEC had to reject every Bitcoin ETF application that came in after the 2017 bull season. The regulatory body had cited a small market cap along with market volatility of Bitcoin as key reasons behind the rejection, however, this bull season as the Wall Street giants increasingly gain Bitcoin exposure and the BTC market cap has reached $1 trillion, the hopes for a Bitcoin ETF approval has increased.

Advertisement

Would Success of Purpose Bitcoin ETF and Gary Gensler’s Appointment Make Way for First Regulated Bitcoin ETF in the US?

The US currently has a few Bitcoin funds that institutional players invest in as well as ETFs that track the price of Bitcoin via their investment in companies like MicroStrategy and Tesla who hold Bitcoin on their balance sheet. However, there is no regulated ETF holding Bitcoin directly in the US.

The appointment of Gary Gensler as the new SEC head has also got everyone’s hopes high primarily because of his crypto background and understanding of the subject. The North American Bitcoin ETF by the Purpose group has also proven to be a great hit indicating a great demand for such a product and can influence the approval of the first Bitcoin ETF in the US.

Advertisement

Share
Prashant Jha

An engineering graduate, Prashant focuses on UK and Indian markets. As a crypto-journalist, his interests lie in blockchain technology adoption across emerging economies.

Published by
Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
Ad Disclosure: This site may feature sponsored content and affiliate links. All advertisements are clearly labeled, and ad partners have no influence over our editorial content.

Recent Posts

  • News

Ripple’s Chris Larsen Expands XRP Realized Profit to $764M Amid Evernorth Deal

Ripple executive chairman Chris Larsen has amassed millions in realized profit from XRP withdrawals since…

October 23, 2025
  • News

Just In: Hyperliquid Strategies Eyes $1B Capital Raise, Plans HYPE Token Accumulation

Hyperliquid Strategies has filed with the U.S. SEC to raise up to $1 billion through…

October 23, 2025
  • News

Senators Reaffirm Commitment to Market Structure Bill After Meeting with Coinbase, Ripple

Senate Democrats and Republican lawmakers have ended separate roundtable meetings focused on the Crypto Market…

October 23, 2025
  • News

How the Crypto Market Could React to the Next Fed Meeting on October 29?

The crypto market has, for a while now, been pricing a potential 25 basis points…

October 23, 2025
  • News

$1.68 Trillion T. Rowe Price Files for First Active Crypto ETF Holding BTC, ETH, SOL, and XRP

Rowe Price has filed for its first actively managed crypto exchange-traded fund (ETF). It is…

October 22, 2025
  • News

Standard Chartered Predicts Bitcoin Could Drop Below $100K Amid U.S.–China Trade Tensions

Standard Chartered analyst Geoff Kendrick has predicted that the Bitcoin price could suffer a significant…

October 22, 2025