SEC moves to again delay decision on Valkyrie spot bitcoin ETF

The Securities and Exchange Commission on Thursday said it is instituting additional proceedings to determine whether the proposed Valkyrie Bitcoin Fund spot ETF should be approved or disapproved, in an apparent additional delay.

“Institution of proceedings is appropriate at this time in view of the legal and policy issues raised by the
proposed rule change,” the regulator said in a filing.

“Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved,” it continued.

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