The U.S. Securities and Exchange Commission (SEC) extended the review period for VanEck’s proposal to launch a Bitcoin ETF until June 17, 2021.<\/p>\n
On March 18, the SEC began the review<\/a> of VanEck’s proposal. Forty-five days were allocated for this \u2014 until May 3. By law the regulator may extend this period to 240 days.<\/p>\n If approved, VanEck would launch the first Bitcoin ETF on US soil. The SEC is also considering applications from WisdomTree<\/a> and Kryptoin<\/a>.<\/p>\n In addition, applications for an exchange-traded fund based on digital gold were filed by NYDIG<\/a>, Bitwise<\/a>, Valkyrie Digital Assets<\/a>, SkyBridge Capital with First Trust Advisors<\/a>, Fidelity Investments<\/a> and Galaxy Digital<\/a>.<\/p>\n In February, Canada registered<\/a> the first Bitcoin ETF in North America managed by Purpose Investments.<\/p>\n In March, Canadian regulators approved the launch<\/a> of a Bitcoin ETF from CI Global Asset Management and Galaxy Digital’s Mike Novogratz.<\/p>\n On April 19, Canada launched<\/a> the 3iQ CoinShares Bitcoin ETF.<\/p>\n Earlier, Brazil registered<\/a> the first Bitcoin-based exchange-traded fund in Latin America.<\/p>\n