SEC delays decision to launch spot Bitcoin ETFs

22.03.2022 22:20
by Artem Ustinov
1 min read

The US Securities and Exchange Commission has extended the deadline for considering applications to launch spot Bitcoin ETFs. Applications from WisdomTree and One River were pending and were rescheduled to April 3 and June 2, respectively.

The Commission explained its decision by the need to take action on the proposed rule change and consider the comments received.

As a reminder, One River Asset Management applied to launch a carbon-neutral Bitcoin ETF in May 2021.

WisdomTree first applied for a spot ETF on December 3, 2021, and was rejected. The company amended the document and resubmitted it in February 2022.

Author

  • Crypto analyst and practitioner trader with the law and managerial education. Active investor and crypto enthusiast. Worked as an analyst and copywriter in a brokerage company. Accompanied by DAO and NFT projects of different levels of complexity.

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