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 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 to consider the proposed rule change and the comments received,” J.
Some bitcoin watchers believe 2021 could finally be the year a bitcoin ETF is approved thanks to the Senate’s confirmation of Gary Gensler to lead Wall Street’s top regulator.