SEC delays decisions on Bitwise and Grayscale’s Bitcoin ETFs

The United States Securities and Exchange Commission (SEC) continues to delay decisions on Bitcoin (BTC) exchange-traded funds (ETF), issuing two fresh deadline extension notices.

On Dec. 15, the SEC postponed two major Bitcoin exchange-traded offering proposals, including NYSE Arca's "actual" Bitcoin ETF, named Bitwise Bitcoin ETP Trust, and Grayscale Bitcoin Trust’s Bitcoin ETF.

The SEC now expects to decide whether to approve or disapprove, or “institute proceedings to determine whether to disapprove” Bitwise’s BTC ETF and Grayscale’s BTC ETF on Feb. 1 and Feb. 6, respectively.

“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments received,” the SEC wrote in both notices.

This article is developing and will be updated.

SEC Chair Gary Gensler actually is pro-Bitcoin, Volt Equity CEO argues   Oct. 13, 2021
SkyBridge Capital’s Anthony Scaramucci expects a pro-crypto presidential candidacy   May 5, 2022
The CFTC’s action against Gemini is bad news for Bitcoin ETFs   June 12, 2022
Not giving up: VanEck refiles with SEC for spot Bitcoin ETF   July 1, 2022
Grayscale BTC Trust trades at a record 36.7% discount, but is it justified?   Oct. 15, 2022