SEC postpones its decision on Bitwise and Grayscale’s Bitcoin ETF
The U.S. Securities and Exchange Commission continues to postpone its decision on Bitcoin (Bitcoin) The Exchange Traded Fund (ETF) issued two new notices of extension of the term.
On Wednesday, the US Securities and Exchange Commission postponed two major Bitcoin exchange trading proposals, including New York Stock Exchange Arca’s “real” Bitcoin ETF, Named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF.
The US Securities and Exchange Commission is now expected to decide whether to approve or disapprove, or “file a lawsuit to determine whether to approve” Bitwise’s BTC ETF and Grayscale’s BTC ETF February 1 and February 6, Respectively.
The US Securities and Exchange Commission wrote in the two notices: “The Commission believes that it is appropriate to assign a longer period of time to take action on the proposed rule change, so as to allow sufficient time to consider the proposed rule change and any comments received.”
As previously reported, Bitwise Asset Management applied for a physically-backed Bitcoin ETF on October 14th, planning to provide exposure to “real BTC” instead of derivatives such as Bitcoin futures or other indirect exposures.The company subsequently Abandoned his application for an ETF based on Bitcoin futures In November, due to many such products Launched in the U.S..
Grayscale is the world’s largest Bitcoin fund with total assets under management Forehead To 45.6 billion U.S. dollars.The company applies to convert its flagship Bitcoin products to ETF October 19th.
When the latest news is released, the US Securities and Exchange Commission continues to maintain a strong stance on physical encryption ETFs, and at the same time has approved some industry ETFs that have indirect exposure to encryption, including BTC futures ETF of investment company ProShares. At the beginning of December, The U.S. Securities and Exchange Commission rejected the Sports Bitcoin ETF After passing the asset management company WisdomTree The decision was postponed before In June.
In November, the SEC rejects physical Bitcoin ETF VanEck is one of the first companies in the world to apply for a Bitcoin ETF.Company also Choosing to launch Bitcoin futures ETF Traded on the Chicago Board Options Exchange.