The U.S. Securities and Exchange Commission (SEC) again delayed a decision on whether to approve or reject a bitcoin exchange-traded fund (ETF) on Tuesday.
In a new document published by the SEC, the regulator said it would hold off on making a decision on the Bitwise ETF proposal filed with NYSE Arca.
The proposal was first filed in January of this year, kicking off a new race to launch a bitcoin ETF in the U.S., which is expected to bring fresh money – and therefore, liquidity – to the crypto space.
The SEC last postponed a decision on both the Bitwise and VanEck/SolidX proposals , kicking both to May. The regulator has yet to approve any bitcoin ETFs, though both and seem to believe that it’s only a matter of time.
Crypto Crescent Asset Management, a digital asset and fund manager, has also proposed a crypto ETF, which would give customers exposure to . The firm, which is partnering with NYSE Arca, has not yet formally filed its proposal, however.
There will be a public comment period for three weeks after the latest document regarding the Bitwise ETF is published in the Federal Register, plus an additional two weeks for responses.
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SEC image via Shutterstock
Published at Tue, 14 May 2019 17:50:16 +0000
