SEC delays decision on WisdomTree’s in-kind model for spot Bitcoin ETF until early June.
WisdomTree expands crypto ETP offerings across major networks and indices.
The latest decision from the United States Securities and Exchange Commission (SEC) has again caught the attention of crypto market players. This time, the regulator has chosen to delay approval of a proposal from Cboe BZX that wants to introduce an “in-kind” creation and redemption scheme for WisdomTree’s Bitcoin spot ETF product.
In fact, this scheme is considered to be able to provide better tax efficiency and minimize transaction costs. Even so, the SEC has not given the green light and will only provide a final decision no later than June 3.
JUST IN: THE SEC HAS POSTPONED ITS DECISION ON CBOE BZX’S PROPOSAL TO ALLOW IN-KIND CREATIONS FOR THE WISDOMTREE SPOT $BTC ETF.
THE SEC WILL MAKE A FINAL RULING BY JUNE 3RD.
Source: @Cointelegraph https://t.co/4qA0jYWuXw pic.twitter.com/oHtstrxlzL
— Mario Nawfal’
