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SEC Delays Decision On Bitwise's Bitcoin ETF Once Again

Amy Liu

Summary: The U.S. Securities and Exchange Commission has delayed its decision on whether or not to approve Bitwise's Bitcoin ETF, according to a filing from the regulator today.  Bitwise submitted its application in October. The SEC delayed its decision on the proposal in December. Prior to this new delay, the regulator would have been forced to ...

The U.S. Securities and Exchange Commission has delayed its decision on whether or not to approve Bitwise's Bitcoin ETF, according to a filing from the regulator today. 

Bitwise submitted its application in October. The SEC delayed its decision on the proposal in December. Prior to this new delay, the regulator would have been forced to make a decision by today, Feb. 1.

Jake Chervinsky of the Blockchain Association noted today that the SEC’s deadline is now August 14. He added that the SEC can delay its decision just “one more time to a final deadline” of Oct. 13.

Bitwise is one of many firms aiming to create the first Bitcoin exchange-traded fund, which would provide exposure to the value of Bitcoin without requiring investors to actually purchase crypto.

By Amy Liu

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