SEC Delays its Decisions on Bitwise and Grayscale Bitcoin ETF Applications

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The US Securities and Exchange Commission (SEC) has put off until February 2022 its decision on the applications filed by Bitwise Asset Management and Grayscale Investments to launch spot Bitcoin ETFs.

The approval or rejection of the application in the first case is expected on February 1 and on February 6 in the second.

We should remember that Bitwise Asset Management filed its application on October 14 and dropped its Bitcoin futures offer last month.

Grayscale Investments filed an application for converting a Bitcoin trust into an ETF based on the leading crypto on October 19.

The SEC has previously rejected WisdomTree’s application to launch a spot Bitcoin ETF and the Commission made a similar decision on a similar proposal from VanEck.

The regulator approved in October applications for the launch of ETFs based on BTC futures from VanEck, Valkyrie Investments and ProShares.

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