The U.S. Securities and Exchange Commission (SEC) extended the deadline for reviewing Kryptoin Investment Advisor’s application to launch a Bitcoin-based exchange-traded fund (ETF) to July 27, 2021.<\/p>\n
\n“The Commission believes it is appropriate to designate a longer period during which a decision on the proposed rule change must be made, so that it has enough time to review the proposal and collect comments,” the notice said.<\/p>\n<\/blockquote>\n
In October 2019, Kryptoin filed with the SEC an application to launch a Bitcoin ETF. In April 2021 the company updated its form<\/a>, indicating Cboe BZX as the proposed trading platform.<\/p>\n
The regulator began reviewing<\/a> the latest application on April 23.<\/p>\n
In the same month, the SEC delayed a decision on the VanEck Digital Gold ETF<\/a>.<\/p>\n
In May, the regulator extended<\/a> the review of WisdomTree’s Bitcoin ETF application to July 14. All three companies chose Cboe as the proposed trading venue.<\/p>\n
Earlier in May, the SEC began reviewing applications from SkyBridge Capital and Fidelity Investments<\/a> for launching a Bitcoin ETF. If approved, the first instrument would be listed on Cboe BZX, the second on the New York Stock Exchange.<\/p>\n