The application has been through several delays as the SEC pushed back its decision on multiple occasions. Initially, the firm filed the first with the SEC to list a Bitcoin-based ETF on June 6, 2018. In August, the commission delayed its decision on listing the ETF until Sept. 30.
The commission also requested comments regarding the decision, citing that the agency has not “reached any conclusions with respect to any of the issues” on the rule change. In December, the decision further delayed again and as the proposed rule change was first published in the Federal Register on July 2, 2018, the maximum period of consideration fell 240 days later, on Feb. 27, 2019.
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