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SEC Postpones Decisions On Spot Bitcoin ETFs From Bitwise And Grayscale
Summary: According to public regulatory filings, the US Securities and Exchange Commission (SEC) postponed its resolution on Bitwise and Grayscale Spot Bitcoin Exchange Traded Fund (ETF). The SEC will spend another 45 days reviewing these two proposals and postpone their decision deadlines to February 1, 2022, and February 6, 2022, respectively. The announcements wrote: "The Commission ...
According to public regulatory filings, the US Securities and Exchange Commission (SEC) postponed its resolution on Bitwise and Grayscale Spot Bitcoin Exchange Traded Fund (ETF).
The SEC will spend another 45 days reviewing these two proposals and postpone their decision deadlines to February 1, 2022, and February 6, 2022, respectively.
The announcements wrote: "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".
It is not clear when the Bitcoin spot ETF will be approved. The SEC has rejected VanEck and WisdomTree's Bitcoin ETFs. Grayscale wrote to the committee saying that the agency is using unfair standards to review BTC proposals, which may violate the Administrative Procedure Law.
By Mary Liu
Tags: Bitcoin,Bitcoin ETF,Greyscale,SEC
Link: SEC Postpones Decisions On Spot Bitcoin ETFs From Bitwise And Grayscale [Copy]
