2 years ago
The U.S. Securities and Exchange Commission (SEC) has delayed decisions connected applications for spot bitcoin ETFs from some WisdomTree and One River Asset Management, according to abstracted filings today.
“The Commission finds that it is due to designate a longer play wrong which to instrumentality enactment connected the projected regularisation alteration truthful that it has capable clip to see the projected regularisation alteration and immoderate comments received,” the SEC said successful each of the filings.
A determination connected One River’s connection has been pushed retired to April 3, and connected WisdomTree’s (WETF) to May 15. The SEC had antecedently denied WisdomTree’s application successful December, but the money manager had made changes and resubmitted.
Up to now, the SEC has either outright denied oregon pushed disconnected decisions connected each spot bitcoin ETFs. Prior to today, the astir caller actions were rejections past period handed retired to NYDIG and Global X.
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Michael Bellusci is CoinDesk's crypto payments reporter.
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