{"id":389982,"date":"2022-01-05T16:28:42","date_gmt":"2022-01-05T13:28:42","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/bitcoin-etf-decision-delayed-sec-commissioner-wonders-why\/"},"modified":"2022-01-05T16:28:42","modified_gmt":"2022-01-05T13:28:42","slug":"bitcoin-etf-decision-delayed-sec-commissioner-wonders-why","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/bitcoin-etf-decision-delayed-sec-commissioner-wonders-why\/","title":{"rendered":"# Bitcoin ETF decision delayed, SEC commissioner wonders why"},"content":{"rendered":"

“# Bitcoin ETF decision delayed, SEC commissioner wonders why <\/strong>”
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The United States Securities and Exchange Commission has postponed its decision to app<\/a>rove NYDIG\u2019s spot exchange-traded fund (ETF) for Bitcoin (BTC), delaying until March 16.<\/p>\n

In a notice<\/a> published on Tuesday, the SEC found it \u201cappropriate to designate a longer period within which to issue an order approving or disapproving\u201d the ETF. Upon the news<\/a>, BTC\u2019s price didn\u2019t flinch, remaining in\u00a0its tightly coiled range under $47,000.<\/p>\n

In a promising turn of events, an SEC bigwig has been vocal in support of a spot ETF. While crypto enthusiasts are used to rejections and delays in BTC spot ETFs, SEC Commissioner Hester Peirce also wonders why it\u2019s taking so long.<\/p>\n

In an interview with industry media<\/a>, the commissioner said,\u00a0\u201cI can\u2019t believe we\u2019re still talking about this as if, you know, we\u2019re waiting for one to happen […] We\u2019ve issued a series<\/a> of denials even recently, and those continue to use reasoning that I think was outdated at the time.\u201d<\/p>\n

Related:\u00a0<\/em><\/strong>What has been standing in the way of a pure-Bitcoin ETF?<\/em><\/strong><\/p>\n

The NYDIG first proposed<\/a> an ETF on Feb. 16 last year, while the most recent deadline for giving a thumbs-up was Jan. 15. If approved, it would have become the first spot Bitcoin ETF in the United States.\u00a0<\/p>\n

U.S.-based investors can gain exposure to BTC through Valkyrie\u2019s latest ETF offering or through the popular ProShares BTC futures contracts fund. However, investors still covet a way of gaining direct exposure to the asset.<\/p>\n

Across the border, Fidelity Canada launched a BTC ETF and mutual fund in December, while Brazilian and Latin American investors can tap into BTC spot ETFs. It begs the question: When will a spot ETF land on U.S. shores?<\/em><\/p>\n

With over 20 BTC-related ETFs awaiting approval or rejection in the U.S. according to ETF.com<\/a>, surely 2022 is the year.<\/p>\n