Ethereum
$202.14 -1.29%
BTC · 53w

If any other person in the world delayed action/decision as often as the SEC has regarding a bitcoin ETF, they'd have been fired by now.

The U.S. Securities and Exchange Commission (SEC) again delayed a decision on whether to approve or reject a bitcoin exchange-traded fund (ETF) on Tuesday.

In a new document published by the SEC, the regulator said it would hold off on making a decision on the Bitwise ETF proposal filed with NYSE Arca.

The proposal was first filed in January of this year, kicking off a new race to launch a bitcoin ETF in the U.S., which is expected to bring fresh money – and therefore, liquidity – to the crypto space.

The SEC last postponed a decision on both the Bitwise and VanEck/SolidX proposals at the end of March, kicking both to May. The regulator has yet to approve any bitcoin ETFs, though both experts in the space and officials with the agency seem to believe that it’s only a matter of time.

Crypto Crescent Asset Management, a digital asset and fund manager, has also proposed a crypto ETF, which would give customers exposure to both bitcoin and ether. The firm, which is partnering with NYSE Arca, has not yet formally filed its proposal, however.

There will be a public comment period for three weeks after the latest document regarding the Bitwise ETF is published in the Federal Register, plus an additional two weeks for responses.

May 14, 2019: SEC Notice Regarding Bitwise Bitcoin ETF by CoinDesk on Scribd

SEC image via Shutterstock

Go to coindesk.com
Recent news
ETH -1.29% · blog.district0x.io · 2h

district0x Dev Update - May 26th, 2020

The past two weeks of development have been a relatively straightforward step along the path laid out in our previous update. New updates have been pushed live for Meme Factory and the District…
ETH -1.29% · decrypt.co · 2h

Facebook’s Libra wallet rebranded to Novi

Facebook-backed Libra project is still coming, but Calibra is no more. That’s because today, Facebook announced that it has rebranded its own Libra wallet.
ETH -1.29% · blog.omisego.network · 10h

The art of UI/UX at OmiseGO

Today, we sit down with Tayanee Sriyotha, also known as Noei, UI/UX designer at OmiseGO to learn more about how she uses design thinking principles and models to create a meaningful experience for…
154