Following another delay in the approval of the VanEck Bitcoin exchange-traded fund (ETF), the CEO of the investment firm has called for a prompt decision.In a recent interview with CNBC, Jan van Eck urged the Securities and Exchange Commission (SEC) to approve a Bitcoin ETF due to the high customer demand.SEC Continues Delay In Approving VanEck’s Bitcoin ETFLast week, the SEC postponed its decision on approving VanEck’s Bitcoin ETF for the second time.The agency extended the review process till August 2021 while requesting public comments on the proposed rule change and if the ETF would be vulnerable to market manipulation.During the interview on CNBC’s ETF Edge, van Eck highlighted the growing demand for a Bitcoin ETF, adding that investors are asking for a more efficient means of trading the premier digital asset.The CEO also took a shot at the Grayscale Bitcoin Trust, the largest bitcoin-related fund on the market. He said that the only alternative to a Bitcoin ETF in the US is a closed-end fund that trades it at a 40% premium or 20% discount. VanEck added,“Bitcoin futures … aren’t any better because of the shape of the futures curve. There’s a futures-based fund that underperformed bitcoin by 22% last year and 8% this year.”Speaking on the frequent delays, VanEck said the April extension was only an artificial deadline. According to him, the SEC chairman was unwilling to prioritize or make a decision regarding a Bitcoin ETF.Van Eck’s comments come amid his company’s continual attempt to have an exchange-traded product approved in the US.The global investment firm currently has two ETF proposals with the SEC awaiting approval, a Bitcoin ETF and an Ethereum ETF.VanEck filed the Bitcoin ETF last year intending to work alongside Chicago Board Options Exchange (Cboe) on the proposed offering.The Ethereum ETF, which is the first Ethereum ETF proposal in the US, was filed earlier this month. VanEck’s goal for this ETF is to expose retail and institutional traders to ETH without directly investing.Meanwhile, the SEC has also delayed in approving ETFs from firms like WisdomTree, Kryptoin, and Fidelity Investments.VanEck Files New Prospectus For A Bitcoin Futures Mutual FundAs VanEck waits for the SEC’s final decision on its Bitcoin ETF, the firm decided to also file another draft prospectus for a BTC Futures Mutual Fund.Dubbed the “Bitcoin Strategy Fund,” the fund is aimed at investing in BTC futures contracts, pooled investment vehicles, and ETPs with exposure to the largest cryptocurrency.According to the prospectus, the fund will invest in Bitcoin futures through a subsidiary in the Cayman Islands, and the portfolio will be managed by Gregory Krenzer.Bitcoin/USD BTCUSD32,892.8513-$1,249.93-3.80%Volume 36.05 bChange -$1,249.93Open$32,892.8513Circulating 18.74 mMarket Cap 616.46 bJimmy AkiJimmy has been following the development of blockchain for several years, and he is optimistic about its potential to democratize the financial system. When not immersed in the daily events in the crypto scene, he can be found watching legal reruns or trying to beat his Scrabble high score.