US SEC Delays Decision on WisdomTree's Bitcoin Trust, Resubmissions for Spot Bitcoin ETF Continue
Summary:
The US SEC delays decision on WisdomTree's Bitcoin Trust, joining other institutional giants in resubmitting their applications for spot Bitcoin ETF. Ongoing story with updates to follow.
The US Securities and Exchange Commission (SEC) has chosen to delay its decision on WisdomTree's Bitcoin Trust. The trust, which was initially filed on December 8, 2021, had its application resubmitted on July 19, 2023, as the deadline drew near. WisdomTree's Bitcoin ETF proposal did not receive approval from the SEC in 2021. However, following BlackRock's entry into the Bitcoin ETF race, WisdomTree decided to refile its application. It's worth noting that other significant players such as Valkyrie, Fidelity, and Invesco have also resubmitted their spot Bitcoin ETF applications. This is an ongoing story, and updates will be provided as additional information becomes available.
Published At
8/31/2023 7:30:37 PM
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