SEC Again Delays Decision on Bitwise Bitcoin ETF Approval
A filing from the SEC Tuesday did not advance one of several bitcoin ETF proposals currently waiting for regulatory sign-off.
WisdomTree was the lead investor in the funding round for Securrency. Other investors include the state-backed Abu Dhabi Investment Office (ADIO).
The SEC has delayed making a decision on three different bitcoin ETF proposals until Sept. 29 at the earliest.
WisdomTree, an asset manager specializing in exchange-traded funds, is vying to become one of the first established U.S. financial firms to offer clients digital assets, including a so-called stablecoin whose value is closely linked to the U.S. dollar.
The SEC has kicked off a public comment period for a proposed ETF backed by bitcoin and T-bills.
The bitcoin spot market is “significantly" smaller and more efficient than is generally perceived, says a Bitwise paper sent as comment to the SEC.