US Securities And Exchange Commission Delays Bitwise Bitcoin ETF Approval Decision

U.S. Securities And Exchange Commission Delays Bitwise Bitcoin ETF Approval Decision

According to a new document released by the U.S. Securities and Exchange Commission (SEC), they have delayed the decision to approve or reject a new exchange-traded fund (ETF). The regulatory agency explained that they will be waiting so as to make a decision regarding the Bitwise ETF proposal that was filed with NYSE Arca.

SEC Delays ETF Approval

The U.S. Securities and Exchange Commission has decided to delay the approval of a Bitcoin ETF. This proposal made by Bitwise was presented and filed back in January 2019. This was the beginning of a new attempt to have a Bitcoin ETF approved by regulators in the United States.

At the end of March, the SEC postponed a decision related to the Bitwise and VanEck/SolidX proposals. The SEC has yet to approve a Bitcoin ETF that would allow new investors to enter the market and be able to have exposure to digital assets and virtual currencies.

It is worth mentioning that Crypto Crescent Asset Management has also proposed a cryptocurrency ETF that could give customers exposure to Bitcoin (BTC) and Ether (ETH). However, this firm has not yet filed the proposal with the regulatory agency. It will take some more time for this proposal to be analyzed and eventually approved or rejected.

At the same time, there is going to be a new comment period for three weeks after the release of the last document related to Bitwise and its ETF proposal.

Get Free Email Updates!

*Action* Enter Best Email to Get Trending Crypto News & Bitcoin Market Updates

I will never give away, trade or sell your email address. You can unsubscribe at any time.

Carl T
Carl T
Carl is a legend in cryptocurrency space for his long-storied experience, history and insights. He is a digital nomad who fell in love with bitcoin and its offspring for many years now and prides himself on delivering quality perspectives in the emerging world of crypto-assets and blockchain technology.

[Alert] Use the author's self-conducted information at your own risk, do you own research, never invest more than you are willing to lose.

[Disclosure] The published news and content on BitcoinExchangeGuide should never be used or taken as financial investment advice. Understand trading cryptocurrencies is a very high-risk activity which can result in significant losses. Editorial Policy \\ Investment Disclaimer

LEAVE A REPLY

Please enter your comment!
Please enter your name here

3,511FansLike
2,795FollowersFollow
4,272FollowersFollow

Live Bitcoin Price & Latest BTC Charts

Today's Latest Crypto News

BitcoinExchangeGuide is a hyper-active daily crypto news portal with care in cultivating the cryptocurrency culture with community contributors who help rewrite the bold future of blockchain finance. Subscribe on Google News, see the mission, authors, editorial links policy, investment disclaimer, privacy policy. Got News? Contact us, we are human too. Note: nothing here is financial advice, do your own research thoroughly.

Start Using Crypto Today