SEC has once again delayed the decision on Bitwise’s spot Bitcoin ETF application. The SEC requested information from the company to address some of its concerns.
The US Securities and Exchange Commission (SEC) delayed the decision on Bitwise’s application for a spot Bitcoin ETF on Tuesday, requesting information. The institution provides the company with share manipulation, fraud, etc. in the ETF in question. He asked how to avoid problems. The company must respond to the SEC within 21 days. If the ETF is approved, it has plans to be listed on the NYSE Arca exchange.
Now the SEC will have to make a decision by August 14. The SEC also decided to postpone the application in December. If this decision is also in the direction of postponement, this time it will be postponed until October 14 for the last time.
As it is known, although the SEC approved several futures Bitcoin ETFs last year, it still remains distant to the spot Bitcoin ETF. He claims that the reason for his distant behavior is the above problems that he requested from Bitwise to provide information. The company had rejected applications from WisdomTree, Krypton, SkyBridge and Fidelity in the past weeks.
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