SEC delays decisions on Bitwise and Grayscale’s Bitcoin ETFs

The United States Securities and Exchange Commission continues delay in making decisions about Bitcoin (BTC), exchange-traded funds. (ETF) Two new deadline extensions notices have been issued.

The SEC delayed two major Bitcoin exchange-traded offerings proposals on Wednesday, including NYSE Arca’s “actual” Bitcoin ETF Trust, called Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust’s Bitcoin ETF.

Now, the SEC expects to make a decision on whether Bitwise’s BTC ETF or Grayscale’s BTC ETF will be approved or disapproved.

“The Commission considers it appropriate to give the Commission a longer time period to act on the proposed change to the rule so it can have sufficient time to review the rule change and respond to any comments,” the SEC stated in both notices.

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Eileen Wilson

Eileen Wilson –Technology and Energy My Name is Eileen Wilson with more than 5 years of experience in the Stock market industry, I am energetic about Technology news, started my career as an author then, later climbing my way up towards success into senior positions. I can consider myself as the backbone behind the success and growth of topmagazinewire.com with a dream to expand the reach out of the industry on a global scale. I am also a contributor and an editor of the Technology and Energy category. I experienced a critical analysis of companies and extracted the most noteworthy information for our vibrant investor network.

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