The SEC Will Decide on 9 Bitcoin ETFs in the Next 2 Months

The U.S. Securities and Exchange Commission is set to make final decisions on nine proposed bitcoin exchange-traded fund in the next two months.

As first reported Tuesday by CoinDesk, the U.S. Securities and Exchange Commission delayed a decision on a proposed rule change from the Cboe BZX Exchange that, if approved, would allow for the listing of an ETF backed by blockchain startup SolidX and investment firm VanEck.

Combined with past submissions from firms ProShares, Direxion and GraniteShares, a total of 10 bitcoin-related funds are being weighed by SEC officials, according to public records, although the VanEck/SolidX bitcoin ETF is the only "Physical" ETF among all the proposals.

The agency can then punt those decisions to as many as 240 days following publication in the Register.

The deadline for a decision on two funds from ProShares is August 23, is just over two weeks away.

September will see a series of deadlines for bitcoin ETFs, starting on September 15, the date by which two funds by GraniteShares will receive a thumbs-up or thumbs-down.

As CoinDesk reported, the SEC punted its decision on the SolidX-VanEck proposal to September 30.

Given the way in which the agency considers such proposals, additional time may be carved out, pushing a final decision deadline to as far as late February of next year.

To be sure, the agency could release its decisions ahead of its prescribed deadline.

Past examples indicate that the SEC will wait until closer to the deadlines, all but ensuring additional nail-biting by the crypto community.