The US Securities and Exchange Commission (SEC) has postponed a decision on Wisdom Tree and One River’s Bitcoin ETFs.

The US Securities and Exchange Commission (SEC) postponed its decision on whether to allow Wisdom Tree and One River to list and trade spot Bitcoin (BTC) marketplace funds or ETFs on Monday.

The information came after the watchdog posted some alerts on its website this morning. By May 15, the SEC will determine whether to approve or disapprove a plan to list and trade the Wisdom Tree Bitcoin Trust, and by June 2, the SEC will decide whether to approve or disapprove a request for list and sell the One River Carbon Neutral Bitcoin Trust.

Grayscale’s proposed ETF, this other spot bitcoin exchange-traded fund, was postponed by the SEC in February. The SEC expressed concern about Grayscale’s ability to combat manipulation and fraud in a statement posted on February 4. Grayscale is the world’s largest digital asset management company.

Grayscale had requested that its GBPTC shares be converted into a spot bitcoin ETF earlier in 2021. The SEC has delayed its decision on Grayscale’s application for the second time. Wisdom Tree, Krypton, Fidelity, and Skybridge have all had ETF applications denied by the SEC. The SEC approved two bitcoin futures-based funds in October 2021: Pro Shares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF.

Yet to be a Bitcoin ETF approval.

A spot bitcoin ETF has yet to be approved by the SEC. Fidelity, on the other hand, was able to launch its spot bitcoin ETF, Fidelity Advantage Bitcoin ETF, in Canada (FBTC). In addition, Fidelity has recently filed request for a Fidelity Metaverse ETF in the United States.

Some speculate that the SEC is denying the ETFs because of future crypto legislation. Nevertheless, Securities and Exchange Commission Commissioner Hester Peirce has stated that new laws for bitcoin exchanges may not be published this year.

The SEC may suggest that the cryptocurrency‘s founders be revealed, as well as the number of tokens that will be created and total code transparency. This will be linked to anti-fraud regulations.

The US Securities and Exchange Commission (SEC) postponed its decision on whether to allow Wisdom Tree and One River to list and trade spot Bitcoin (BTC) marketplace funds or ETFs on Monday.

The information came after the watchdog posted some alerts on its website this morning. By May 15, the SEC will determine whether to approve or disapprove a plan to list and trade the Wisdom Tree Bitcoin Trust, and by June 2, the SEC will decide whether to approve or disapprove a request for list and sell the One River Carbon Neutral Bitcoin Trust.

Grayscale’s proposed ETF, this other spot bitcoin exchange-traded fund, was postponed by the SEC in February. The SEC expressed concern about Grayscale’s ability to combat manipulation and fraud in a statement posted on February 4. Grayscale is the world’s largest digital asset management company.

Grayscale had requested that its GBPTC shares be converted into a spot bitcoin ETF earlier in 2021. The SEC has delayed its decision on Grayscale’s application for the second time. Wisdom Tree, Krypton, Fidelity, and Skybridge have all had ETF applications denied by the SEC. The SEC approved two bitcoin futures-based funds in October 2021: Pro Shares Bitcoin Strategy ETF and Valkyrie Bitcoin Strategy ETF.

Yet to be a Bitcoin ETF approval.

A spot bitcoin ETF has yet to be approved by the SEC. Fidelity, on the other hand, was able to launch its spot bitcoin ETF, Fidelity Advantage Bitcoin ETF, in Canada (FBTC). In addition, Fidelity has recently filed request for a Fidelity Metaverse ETF in the United States.

Some speculate that the SEC is denying the ETFs because of future crypto legislation. Nevertheless, Securities and Exchange Commission Commissioner Hester Peirce has stated that new laws for bitcoin exchanges may not be published this year.

The SEC may suggest that the cryptocurrency’s founders be revealed, as well as the number of tokens that will be created and total code transparency. This will be linked to anti-fraud regulations.

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