Spotlight by the United States Securities and Exchange Commission (SEC) WisdonTree Investments (WETF) and One River Asset Management bitcoin Delayed decision on ETF applications.
Decision Date for Bitcoin Spot ETF Postponed to April and May
Making two separate statements for the applications, the SEC said:
“The Commission considers it appropriate to set a longer period to take action on the proposed rule change in order to have sufficient time to consider the proposed rule change and the comments received.”
The decision on One River’s application was postponed to April 3, and the decision on WisdonTree’s application to May 15. The SEC had previously rejected WisdomTree’s application in December, but the company made changes to its application and resubmitted it to the SEC for consideration.
The SEC has either outright rejected or consistently delayed decision making on all spot Bitcoin ETF applications to date. His final moves were made last month by NYDIG and Global X, before his official announcement on Monday. BTC His applications for his ETF had been turned down.
However, the BTC futures ETF has been approved but the spot ETF has not been approved by the cryptocurrency community. In his statement on the subject, Gary Gensler said that the two products are different and that the SEC should do separate research for spot ETFs. The cryptocurrency world is looking forward to the launch of a spot BTC ETF in the US.