The US Securities and Exchange Commission (SEC) has extended the deadline for consideration of SkyBridge Capital’s application for the launch of a Bitcoin ETF. The decision on the application will be made in August.
According to the information on the regulator’s website, the Commission has postponed its decision on the application for the launch of the First Trust SkyBridge Bitcoin ETF Trust, filed by SkyBridge Capital in May. The SEC has extended the initial 45-day application review period until August 25.
“The Commission considers it advisable to set a longer period for making a decision so that the regulator has enough time to consider the proposed rule change and the comments received,” the SEC said.
The Commission is currently reviewing applications for Bitcoin ETFs from Kryptoin, WisdomTree, Fidelity, VanEck, Skybridge Capital and ARK Invest. WisdomTree and VanEck have also filed applications to launch ETFs on Ether.
In recent years, the SEC has rejected dozens of proposals to launch Bitcoin ETFs, while Canadian regulators have already approved several such products this year.
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