SEC has delayed its decision on Bitcoin exchange-traded fund applications from WisdomTree, Invesco Galaxy and Valkyrie, with the next deadlines set for October.
The United States Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust first filed on Dec. 8 2021. The institutional giant refiled its ETF application on July 19, 2023 with the first deadline approaching.
WisdomTree’s Bitcoin ETF proposal didn’t get the SEC’s approval in 2021. However. after BlackRock joined the spot Bitcoin ETF race, WisdomTree refiled its application as well, However, WisdomTree was not the only institutional giant making a second attempt after rejections, the likes of Valkyrie, Fidelity and Invesco have also re-filed their applications for a spot Bitcoin ETF.
This is a developing story, and further information will be added as it becomes available.