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.
DISCLOSURE
The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.
Bitcoin and crypto staged their strongest rally in months as Treasury intervention, regulatory moves and…
Treasury buybacks are not QE, analysts said, but the move helped pull long-term yields off…
ZEC traded above its January 2018 peak as futures volume hit billions of dollars and…
Bitcoin Magazine Smart Money Helping Support Bitcoin Rebound, Says Pantera Capital American investment firm Pantera…
Bitcoin Magazine Legendary Investor Ray Dalio Touts Bitcoin — With Gold — To Hedge Against…
Hashdex has begun liquidating its Hashdex Bitcoin ETF, ticker DEFI, marking the first closure of…