TechFlow news, September 30 — The SEC has postponed its decision on VanEck's spot Bitcoin ETF application. The regulator stated it is initiating additional procedures to determine whether the proposed ETF should be approved or disapproved. The SEC is requesting public comments, giving stakeholders 21 days to submit written data, views, and arguments, followed by a 35-day rebuttal period—meaning the approval process will take at least several more months.
In addition, regarding WisdomTree’s spot Bitcoin ETF application, the SEC said: "Initiating this proceeding does not indicate that the Commission has reached any conclusions on the issues involved." The SEC also added that it seeks new perspectives on the proposed surveillance-sharing agreement with Coinbase.
Earlier today, Bloomberg ETF analyst James Seyffart announced on X that the SEC has delayed decisions on spot Bitcoin ETF applications from Fidelity Investments and WisdomTree.
