The United States Securities and Exchange Commission (SEC) has delayed its decision to either approve or deny the request from WisdomTree to launch a spot Bitcoin ETF product in the country. The delay comes on the heels of growing clamor for such a product which has notably intensified this week after Grayscale Investments won its suit against the market regulator.
🚨NEW: The @SECGov has delayed a decision on the @WisdomTreeFunds Spot $BTC ETF.
— Eleanor Terrett (@EleanorTerrett) August 31, 2023
This delay is not suggestive of whether or not the markets regulator will approve or deny the WisdomTree request that was first filed on December 8, 2021. After much turmoil that trailed related products, the investment manager refiled the application on July 19, 2023, joining the likes of BlackRock, Fidelity Investments, and Bitwise who are also in the race to float a related product.
This is a breaking news, it will be updated shortly
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