Vaneck has expressed his dissatisfaction with the US Securities and Exchange Commission (SEC) as it continues to delay approval of its Bitcoin ETF option. The company says investors deserve a clear and timely decision instead of silence without explanation.
Vaneck’s Matthew Sigel shared I’ll post it on x It shows frustration with the SEC over delaying the company’s CBOE’s 19B-4 submission without explanation.
SEC again delays control of CBOE’s 19B-4 and lists Vaneck’s options $ hodl ETF.
You can see the lack of explanation confusing and frustrating. Investors deserve transparency and timely action. @hesterpeirce
– Matthew Sigel, CFA recovery (@matthew_sigel) May 23, 2025
Vanek asks for answers after SEC delays its decision on Bitcoin ETF options
The SEC delayed decision on whether to approve it again Options trading Vanek’s spot Bitcoin ETF ticker symbol $hodl trading under Vanek. This delay has made other crypto asset managers waiting for the SEC to decide on their applications even more unhappy.
Vaneck is also awaiting approval with a similar request to include in-kind works and redemptions of the same Bitcoin ETF. Still, the SEC hasn’t made any progress on that either. This feature allows investors to exchange Bitcoin for ETF stocks and vice versa.
Matthew Sigel, head of digital assets research at Vaneck, was posted to X claiming that the SEC did not explain why they would continue to push back these decisions. He added that the lack of feedback would disrupt the process more and make it difficult for applicants to understand what is needed to correct or improve.
Matthew described the SEC silence as “confounding and frustrating” because the process feels unfair and unpredictable for businesses trying to follow all the rules. He also tagged SEC Commissioner Hester Peirce and hopes her Cryptographic Task Force will step in, provide answers and show some leadership on issues affecting many crypto players.
Repeated delays without a clear reason hurt investor confidence and growth and innovation as people feel uncertain about whether the SEC will make solid decisions or continue to halt indefinitely.
The SEC continues to delay decisions on cryptographic ETFs, but new submissions continue to come in
The SEC has once again delayed the decision on major crypto ETF proposals that will affect the application of coin shares in spot XRP ETFs exposed to XRP through regulated products.
The SEC pushed back the decision from May 26th to August 24th, and instead of accepting or denying it, it called for public comment and rebuttal to the proposal.
This delay is another example of how the SEC tends to take longer than usual without providing an explanation for the delay.
The agency also stopped fidelity proposals Repayment of the real thing At that spot, it is an Ethereum-based product similar to the Bitcoin ETF. Rather than using cash, Investors can exchange actual crypto for ETF shares, so kind redemption is more efficient and tax-friendly.
Despite these repeated obstacles, the pace of new ETF applications is accelerating. This is because asset managers believe that the reward of first-time markets with new Crypto ETF products outweighs their complaints about dealing with regulatory suppressions.
Over the past few weeks, I have applied for ETFs based on a variety of Altcoins, including Solana (Sol), Cardano (ADA), Polkadot (DOT), and XRP. These products allow investors to access blockchain ecosystems and technologies other than Bitcoin Echo replicas.
Canary Capital recently submitted to launch a tron ETF of piles that track the price of Tron Tokens (TRX) and pass on I bet the reward For investors. The SEC has approved this application. This indicates that innovative constructions can warm up even if they are not ready to approve.
Similarly, businesses will not suspend applications because they believe the Trump administration prefers cryptography over its predecessor.
Industry leaders have also pointed to changes in leadership and the evolution of political sentiment, as a sign that the regulatory environment could become more cooperative or at least predictable.
Although SEC has not released new crypto-specific guidance, it continues to accept and publish new applications through a formal process.
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