SEC Sets November Deadline for Final Decision on VanEck Bitcoin ETF

[Slow death]

SEC Sets November Deadline for Final Decision on VanEck Bitcoin ETF

The Securities and Exchange Commission (SEC) has once again delayed ruling on VanEck’s bid for a bitcoin exchange-traded fund (ETF).

The U.S. regulator on Wednesday gave itself until Nov. 14 to approve or reject “VanEck Bitcoin Trust,” one of the earliest bitcoin ETF hopefuls to try its luck this filing cycle, and the first whose judgment day has been delayed three times.

 

this Bitcoin ETF Vs SEC has been a longtime comedy series, why are they in these loops of postpone, postpone, postpone and reject? it would not be simpler and it would save everyone's time if they were direct and practical and said: " bitcoin ETF is rejected "... Anyway on November 14th we will hear that it was rejected

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[Yaunfitda]

Yes, so don't be surprise if we see another rejection from SEC this November.

This has been the case of many filing whether it's from big institution like Van Eck and I doubt that we will see any acceptance anyways. But it's good that they continue to file despite they know the odds are very low unless we really get someone from SEC that is 100% pro-bitcoin supporters.

[Lucius]

this Bitcoin ETF Vs SEC has been a longtime comedy series, why are they in these loops of postpone, postpone, postpone and reject? it would not be simpler and it would save everyone's time if they were direct and practical and said: " bitcoin ETF is rejected "... Anyway on November 14th we will hear that it was rejected

Under the law, the SEC has the right to make its final decision 240 days after a company submits an application and it is finalized - which is manifested in the three deadlines for considering the application. It may not make much sense to you or anyone else, but that is the law and it must be obeyed. In addition, if someone does not try something, then they will not know whether something would work or not - and a message is also sent to the SEC that there is great interest in such an ETF, which will sooner or later result in a positive decision.

It would be advisable not to open a new thread for each ETF separately - we have them all listed -> List of ETF filings this year in the US

[Slow death]

Under the law, the SEC has the right to make its final decision 240 days after a company submits an application and it is finalized - which is manifested in the three deadlines for considering the application. It may not make much sense to you or anyone else, but that is the law and it must be obeyed.

I've heard a lot about this law, whenever the news channels talk about sec and ETF they mention it, the point is that the law says 240 days, so they might as well not wait 240 days to make a decision, they know well that in the end will reject. but they keep walking around to say something expected by everyone, this is my point. they could save people time by going straight to the point: "it's rejected"

Yes, so don't be surprise if we see another rejection from SEC this November.

rejection is the expected result, they will not approve.... if it were for them to approve, they would have already done it soon, they wouldn't be postponing so many times

[cr1776]

this Bitcoin ETF Vs SEC has been a longtime comedy series, why are they in these loops of postpone, postpone, postpone and reject? it would not be simpler and it would save everyone's time if they were direct and practical and said: " bitcoin ETF is rejected "... Anyway on November 14th we will hear that it was rejected

Under the law, the SEC has the right to make its final decision 240 days after a company submits an application and it is finalized - which is manifested in the three deadlines for considering the application. It may not make much sense to you or anyone else, but that is the law and it must be obeyed. In addition, if someone does not try something, then they will not know whether something would work or not - and a message is also sent to the SEC that there is great interest in such an ETF, which will sooner or later result in a positive decision.

It would be advisable not to open a new thread for each ETF separately - we have them all listed -> List of ETF filings this year in the US

You would think that was the case, but think about these:
1.  It is illegal to come across the border and yet the President is not enforcing the law.
2. It is illegal to commit perjury, but see Clapper and Brennan before the US Congress.  See "parallel construction"
3. It is illegal to store (or remove it) on person devices, but see HRC.
4. It is illegal to discriminate based on skin color, but see "affirmative action".
 
etc

So a more accurate statement today might be: "that is the law, and it may be obeyed depending on if one is in a politically favored class or not."