SEC postpones consideration of SkyBridge Capital's application to launch Bitcoin ETF – Bits Media

United States Securities and Exchange Commission (SEC) extended the term for consideration of SkyBridge Capital's application for the launch of an ETF on bitcoin. The decision on the application will be made in August.

According to the information on the regulator's website, Commission postpones decision on First Trust's launch application SkyBridge Bitcoin ETF Trust, Skybridge Capital in May. SEC extended the original 45-day period of consideration of the application before 25 August.

“The commission considers it advisable to establish a longer period to make a decision, So that the regulator has enough time to consider the proposed change in the rule and the comments received ", - says SEC.

Now the commission considers applications for ETF Bitcoin from Kryptoin, Wisdomtree, Fidelity, VanEck, Skybridge Capital и ARK Invest. Wisdomtree and Vaneck also submitted applications for ETF launch on air.

In recent years, the SEC has rejected dozens of offers for the launch of ETF on bitcoin, Whereas Canada regulators this year have already approved several of these products.