Asset Management firm Vanek has spoken against the visual trend of delay in decision making by Bitcoin ETF amendments and other Crypto ETF applications by the Asset Management firm Wanek. To reduce these delays, the regulator is not sharing reliable reactions with the community. Drawing this, Matthew Sigale, Head of Venak’s Digital Asset Research, has called the regulator, stating that investors are better than silence.
Vaneck bitcoin ETF product delay
First, Sigale Indicated on x SEC has delayed CBOE to be ruling on 19B-4, which is filing for list options on Vaneck Bitcoin ETF with tikar symbol ‘Hodl’. This is also a case with delay In-compositions and rebuts To offer the same spot bitcoin ETF.
According to Sigale X post, whenever the regulator declares such a delay, it barely gives the reason behind the action. He tagged Hester Peerus, who leads Crypto Task ForceA new unit established by SEC.
Armed with no information as an explanation, applicants wonder what can go wrong in their applications. Matthew Sigale tagged the entire process “confused and disappointing”.
Speaking on behalf of these applicants, the Vanoc executive said that bitcoin ETF stake is worth transparency. In addition, Sigel said that investors are worthy of a timely response, an action that seems to be above the ability of SEC.
Crypto ETF delay is increasing: what is happening?
Recently, the number of asset managers whose crypto ETF application has delayed decisions, has jumped a notch. On 22 May, SEC postponed its decision Coinshares Spot XRP ETF,
Instead of issuing a decision, the regulator called for public comments and denials on these filing. For example, the agency extended the next deadline from the date of 26 May on 24 August.
Fidelity requested its spot bitcoin ETFs and the Ethereum equivalent to include in-in-in-the-off redemption. Delay by SECIn this case, the regulator also did not provide a time -term when a final decision could be taken. It is not clear what the Commission’s plans are, but Matthew Sigel believes it should be seen.
More crypto ETF products to see?
Bitcoin ETFs and related offerings around the recent events, there are hopes that asset management firms may slow down with their applications. On the contrary, these institutions are not trusting, and it does not seem that they will do this soon.
Asset management firms have filed trade funds associated with Cardano, Polkadot, Solana and even XRP ETFs to list and trade. This will not be surprising if the application for more altcoin ETF is going on.
They are probably triggered by the fact that the US is now under a administration that appreciates cryptocurrency. In addition, SEC has not stopped accepting these filing. This recently Canary’s stacked Tron Accepted ETF Filing of optimism within Tron and Comprehensive Crypto community, sparking optimism.
Godfrey benjamin
Benjamin Godfrey is a blockchain enthusiastic and journalist who writes about the real -life applications of blockchain technology and innovations that are for general acceptance and emerging technology to run integration worldwide. His desires to educate people about cryptocurrency inspire his contribution to famous blockchain -based media and sites. Benjamin Godfrey is a lover of sports and agriculture. Follow it X, Linkedin
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