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SEC stalls WisdomTree’s Bitcoin ETF approval, postpones to July

According to an official statement published on May 26, the Commission has decided to push back its decision on WisdomTree’s Bitcoin ETF application from May 30 to July 14. The SEC wrote:

As reported by BTC PEERS, WisdomTree submitted a Bitcoin ETF application with the SEC in March. Since then, the financial watchdog is yet to approve or reject the application.

This is not the first time the SEC is stalling or rejecting a Bitcoin ETF application. In April, a similar proposal to list VanEck’s ETF was postponed to June 17. To date, no crypto ETF product has been able to launch in the U.S.

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Source: Cryptocurrency - investing.com

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