There was a glimmer of hope that the VanEck Bitcoin ETF would make history gaining SEC approval. Alas, that can got kicked down the road again until Aug 19 and the SEC wants its questions answered.

VanEck Bitcoin ETF Decision Delayed as Expected

To be fair, it was a pretty tenuous optimism that the VanEck Bitcoin EFT decision would be the first to be approved by the SEC. Pretty much the entire community was expecting it to be delayed. Industry-known attorney Jake Chervinsky tweeted out on Sunday night how minimal chances of approval were:

But then the Bitwise ETF proposal got delayed and there was no news on VanEck. People started to question what it meant.

After all, this was not typical behavior from the SEC. All delays are usually bundled together. Moreover, SEC Commissioner Hester Pierce (fondly known…

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