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SEC has again delayed a decision on VanEck/SolidX Bitcoin ETF

In a new document filed Monday, the US Securities and Exchange Commission, announced that they have again delayed a decision on the VanEck/SolidX Bitcoin exchange-traded fund proposal.

The US Securities and Exchange Commission, explained in a new document, filed this Monday, that they have invited comments from the public, due 21 days from when the order is published in the Federal Register, and rebuttals to those comments, due 35 days after such publication.

The United States SEC hasn't approved any Bitcoin ETFs, and has or, not made any decisions, or directly rejected the proposals over the past few years.

The regulator has always been upfront about their concerns with market manipulation, liquidity, financial crime and other issues as reasons for its rejections.

VanEck's BTC ETF new deadline is August 19.

According to lawyer, Jake Chervinsky, the SEC can and likely will delay one more time for a final deadline of October 18.