U.S. Markets open in 2 hrs 44 mins
  • S&P Futures

    3,937.00
    -8.00 (-0.20%)
     
  • Dow Futures

    33,599.00
    -34.00 (-0.10%)
     
  • Nasdaq Futures

    11,528.50
    -37.50 (-0.32%)
     
  • Russell 2000 Futures

    1,811.70
    -2.40 (-0.13%)
     
  • Crude Oil

    74.22
    -0.03 (-0.04%)
     
  • Gold

    1,786.10
    +3.70 (+0.21%)
     
  • Silver

    22.62
    +0.29 (+1.28%)
     
  • EUR/USD

    1.0500
    +0.0031 (+0.2940%)
     
  • 10-Yr Bond

    3.5130
    0.0000 (0.00%)
     
  • Vix

    22.53
    +1.78 (+8.58%)
     
  • GBP/USD

    1.2160
    +0.0026 (+0.2164%)
     
  • USD/JPY

    137.6500
    +0.6900 (+0.5038%)
     
  • BTC-USD

    16,824.83
    -161.08 (-0.95%)
     
  • CMC Crypto 200

    394.73
    -7.08 (-1.76%)
     
  • FTSE 100

    7,510.00
    -11.39 (-0.15%)
     
  • Nikkei 225

    27,686.40
    -199.47 (-0.72%)
     

SEC Delays Spot Bitcoin ETF Offerings From WisdomTree and One River

Bloomberg

The U.S. Securities and Exchange Commission (SEC) has delayed decisions on applications for spot bitcoin exchange-traded funds from WisdomTree Investments (WETF) and One River Asset Management, according to separate filings Monday.

  • “The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and any comments received,” the SEC said in each of the filings.

  • A decision on One River’s proposal has been postponed to April 3, and on WisdomTree’s to May 15. The SEC had previously denied WisdomTree’s application in December, but the fund manager had made changes and resubmitted.

  • Up to now, the SEC has either outright denied or delayed decisions on all spot bitcoin ETFs. Prior to the SEC's announcements on Monday, its most recent actions were its rejections of applications from NYDIG and Global X last month.