Home Crypto SEC Postpones Bitcoin ETF Decision – Here’s What Could Be Holding It...

SEC Postpones Bitcoin ETF Decision – Here’s What Could Be Holding It Back

The US Securities and Exchange Commission (SEC) is delaying its choice on WisdomTree’s software for a Bitcoin exchange-traded fund.

Founded in 2006, WisdomTree Investments is a New-York primarily based exchange-traded fund (ETF) and exchange-traded product (ETP) sponsor and asset supervisor.

 

The funding agency initially filed for an ETF in March of this 12 months however hasn’t acquired a response from the SEC till now. The agency’s submitting is considered one of many Bitcoin ETF functions that the SEC has but to evaluation.

The SEC might be holding again on approving Bitcoin ETFs as a result of issues over potential market manipulation. According to the SEC’s release relating to the approval delays, the company is in search of feedback on 5 questions, three of which pertain to manipulation.

The SEC’s choice gained’t be made public till later this 12 months after feedback on the SEC’s questions have been gathered from most of the people and business leaders. Respondents have three weeks from the doc’s publication within the Federal Registrar to submit their feedback.

WisodmTree’s software joins world funding supervisor VanEck’s related proposal as the one different lively software to have made it to this stage within the SEC’s choice course of this 12 months.

Don’t Miss a Beat – Subscribe to get crypto electronic mail alerts delivered on to your inbox

Follow us on Twitter, Facebook and Telegram

Surf The Daily Hodl Mix

Check Latest News Headlines

Disclaimer: Opinions expressed at The Daily Hodl aren’t funding recommendation. Investors ought to do their due diligence earlier than making any high-risk investments in Bitcoin, cryptocurrency or digital property. Please be suggested that your transfers and trades are at your personal danger, and any loses chances are you’ll incur are your accountability. The Daily Hodl doesn’t suggest the shopping for or promoting of any cryptocurrencies or digital property, neither is The Daily Hodl an funding advisor. Please word that The Daily Hodl participates in affiliate marketing online.

Featured Image: Shutterstock/Tithi Luadthong

RELATED ARTICLES
- Advertisment -

Most Popular