The move continues a pattern by the U.S. securities regulator of denying or not taking action on all spot bitcoin ETF applications.Read MoreFeedzy
The U.S. Securities and Exchange Commission (SEC) has delayed decisions on applications for spot bitcoin ETFs from both WisdomTree and One River Asset Management, according to separate filings today.
“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments received,” the SEC said in each of the filings.
A decision on One River’s proposal has been pushed out to April 3, and on WisdomTree’s (WETF) to May 15. The SEC had previously denied WisdomTree’s application in December, but the fund manager had made changes and resubmitted.
Up to now, the SEC has either outright denied or pushed off decisions on all spot bitcoin ETFs. Prior to today, the most recent actions were rejections last month handed out to NYDIG and Global X.
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