The US Securities and Exchange Commission (SEC) has delayed the decision on spot Bitcoin (BTC) exchange-traded fund (ETF) applications from fund managers WisdomTree Investments (WETF) and One River Asset Management.
According to documents dated March 18 SECWisdomThree and One River spot Bitcoin ETF postponed the decision on their application. As the reason for the postponement of applications in the documents, “The Commission considers it appropriate to set a longer period to take action on the proposed rule change so that there is sufficient time to consider the proposed rule change and the comments received.” was stated.
One Riverdecision on the application April 3thto ‘a, WisdomTreeIf the application of May 15delayed until SECpostponed several times before WisdomTree‘s spot Bitcoin ETF application December refused in April, but the fund manager made changes to the documents. reapply had been found.
Postponing or rejecting all spot bitcoin ETF decisions to date SEC‘of, WisdomTree and One River‘s last action before postponing its applications, last month NYDIG and Global Xfrom spot Bitcoin ETF refused their application.
SEC Rejects NYDIG and Global X’s Bitcoin ETF Applications
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