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SEC Delays Decisions on 3 Bitcoin ETF Proposals
The U.S. Securities and Exchange Commission (SEC) delayed making a decision on three bitcoin exchange-traded fund (ETF) proposals Monday. The ETFs, proposed earlier this year by asset managers Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, and filed with exchanges NYSE Arca and Cboe BZX, are all seeking to become the first such investment vehicle based on bitcoin. The filings were published in the Federal Register in February and June, kicking off the legally-mandated 240-day clock on a final decision. Final decisions on the Bitwise and VanEck/SolidX proposals are expected by Oct. 13 and Oct. 18, ... (full story)