The SEC has postponed its decision on the VanEck Bitcoin spot ETF

ChainCatcher news, according to The Block, the SEC has delayed its decision on the VanEck Bitcoin spot ETF.

The agency stated that it is initiating additional procedures to determine whether to approve the proposed ETF. The regulator has requested commenters to submit written data, views, and arguments within 21 days. There is also a 35-day rebuttal period, indicating that the approval process will be extended for at least a few more months.