Express

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

Last Update:

Tags: ,,
Link: SEC Delays Decision On Bitwise's Bitcoin ETF Once Again   [Copy]
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 1 hour ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 1 day ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 4 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 5 days ago
  • Mini Altcoin Season Brewing? Old Guard's Rally Signals Potential Shift 7 days ago
  • You need to login to comment.