The Securities and Exchange Commission (SEC) has extended the deadline of four Bitcoin exchange-traded funds (ETFs) on Friday for 45 days, citing the requirement for additional time to decide whether to accept the 19b-4 applications.
The approval of four Bitcoin ETFs — Global X Bitcoin Trust, Valkyrie XBTO Bitcoin Futures Fund, WisdomTree Bitcoin Trust and Kryptoin Bitcoin ETF were rescheduled to the respective dates: Nov. 21st, Dec. 8th, Dec. 11th, Dec. 24th.
In their official statement, the SEC outlined:
“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments.”
Related: CFTC commissioner Dan Berkovitz will become SEC general counsel
This is a breaking story that will be updated with more information soon.