SEC Delays Spot Bitcoin ETF Offerings From WisdomTree and One River

The move continues a pattern by the U.S. securities regulator to deny or not take action on all spot bitcoin ETF applications.

AccessTimeIconMar 21, 2022 at 5:04 p.m. UTC
Updated May 11, 2023 at 3:21 p.m. UTC

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on applications for spot bitcoin exchange-traded funds from WisdomTree Investments (WETF) and One River Asset Management, according to separate filings Monday.

  • “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 said in each of the filings.
  • A decision on One River’s proposal has been postponed to April 3, and on WisdomTree’s to May 15. The SEC had previously denied WisdomTree’s application in December, but the fund manager had made changes and resubmitted.
  • Up to now, the SEC has either outright denied or delayed decisions on all spot bitcoin ETFs. Prior to the SEC's announcements on Monday, its most recent actions were its rejections of applications from NYDIG and Global X last month.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.

Author placeholder image

Michael Bellusci is CoinDesk's crypto reporter focused on public companies and digital asset firms.

Learn more about Consensus 2024, CoinDesk’s longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.