In a move widely anticipated by industry experts, the US Securities and Exchange Commission (SEC) has announced a delay in the review process for WisdomTree’s spot Bitcoin (BTC) exchange-traded fund (ETF) application.
Seven Bitcoin Spot ETF Applications Stalled by SEC Delays
According to James Seyffart, Bloomberg’s ETF expert, the delay in the review process may extend for an additional 45 days.
This delay is part of a series of postponements affecting multiple ETF applications, including those submitted by Invesco and Galaxy Digital.
Even Valkyrie Funds’ application, which was originally due on Monday, is subject to this delay. In total, seven ETF applications are expected to experience delays today.
WisdomTree, a prominent global exchange-traded fund provider, had previously filed for a spot Bitcoin ETF application with NYSE Arca in 2022, but without success. However, the firm refiled the ETF application in July 2023.
Nevertheless, WisdomTree’s Jeremy Schwartz, the firm
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