SEC Delays Decision on WisdomTree Bitcoin ETF Application
The review period for the application is now extended by 45 days from May 26.
Jun 2, 2021 at 2:51 p.m. UTC:format(webp)/cloudfront-us-east-1.images.arcpublishing.com/coindesk/6WV2E6G5CFCVNMVJZKECB6AUBE.jpg)
Securities and Exchange Commission building in Washington, D.C.
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The U.S. Securities and Exchange Commission (SEC) chose last week to delay a decision on WisdomTree’s bitcoin ETF application.
The SEC renders an initial decision on prospective applications within 45 days unless it extends the window, which it can do for 240 days.
The regulatory watchdog said on May 26 that it was extending WisdomTree’s application review by 45 days.
In late April, the SEC delayed a decision on VanEck’s bitcoin ETF application to at least June. In late May, WisdomTree filed an ethereum ETF application.
Read more: SEC Delays VanEck Bitcoin ETF Decision to June at Earliest
Meanwhile, WisdomTree bitcoin and ethereum exchange-traded products have recently begun trading in Amsterdam and Paris.
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Nate DiCamillo is a business reporter at CoinDesk with a focus on banking and economics.