SEC postpones decision on Bitcoin ETF from Wilshire Phoenix

The U.S. Securities and Exchange Commission (SEC) has postponed the final decision on the Bitcoin ETF from Wilshire Phoenix for another 35 days.

SEC will evaluate the changes to the rules proposed by the NYSE Arca Exchange that will allow listing of shares of the Bitcoin and Treasury Investment Trust.

Recall that Wilshire Phoenix and NYSE Arca in May filed an application to launch ETFs based on bitcoin and US Treasury bonds.

In June, the SEC began to collect public comments on the proposed ETF. The agency received only six messages.

In August, the regulator postponed the decision on the application for September 29.

Earlier, VanEck and SolidX both withdrew the application to launch Bitcoin ETFs, presumably because of fears of a regulator failure and a negative precedent.

In October, SEC should take a decision on the Bitcoin-ETF from the company Bitwise Asset Management.

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