The United States Securities and Exchange Commission (SEC) has postponed its decision regarding the Bitwise Bitcoin ETP Trust and Grayscale Bitcoin Trust applications.
SEC Extends Approval Date to Feb 2021
The regulatory body has issued two new extension dates for both applications to determine whether to approve, reject, or “institute proceedings to determine whether to disapprove” them.
“The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the comments received,” the SEC stated in the notices sent to both firms.
The financial regulator expects to make a decision on February 1, 2022, for the Bitwise Bitcoin ETP Trust and February 6, 2022, for the Grayscale Bitcoin Trust.
Bitwise Bitcoin ETF Trust
Earlier in October, Bitwise Asset Management applied with NYSE Arca for a Bitcoin ETF. It will provide its clients exposure to “actual
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