The Securities and Exchange Commission on Wednesday delayed its decision on approving the VanEck Bitcoin ETF until June as the regulator’s new chief begins to review high-profile asset applications.The SEC typically takes 45 days from when an application is filed to render a decision on whether such a security should be allowed to trade. The 45 day window for the VanEck Bitcoin ETF ends on May 3, but the SEC is extending the deadline.”The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time …
