SEC Postpones Decision on WisdomTree’s and One River’s Spot Bitcoin ETF Applications
The U.S. Securities and Exchange Commission (SEC) has extended the deadline for deciding applications for spot Bitcoin exchange-traded funds (ETFs) from asset managers WisdomTree to May 15 and One River to June 2.
According to the filings of the companies, WisdomTree Bitcoin Trust shares, once approved, will be listed on the Cboe BZX Exchange and One River Carbon Neutral Bitcoin Trust shares on the New York Stock Exchange Arca.
The SEC has the right to extend the comment window or open the application for public comment for up to 240 days before making a final decision.
As for the One River’s application, the Commission considers it appropriate “to designate a longer period within which to issue an order approving or disapproving the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised in the comments that have been submitted in connection therewith”.
Earlier, the US Securities and Exchange Commission rejected the application of the management company Fidelity Investments to register a spot Bitcoin-ETF.
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