The Securities and Exchange’s relationship with spot Bitcoin ETF applicants continues to take interesting turns with this new development.
The U.S SEC has extended until 1 July the deadline to decide whether to approve Bitwise Bitcoin ETP Trust’s listing on Nasdaq.
Unfortunately, it wasn’t the first time, the applicant faced a delay.
Despite the same outcome in the past, the asset manager remain undeterred ahead of the July deadline.
Grayscale’s Bitcoin Trust has been trading at a massive discount in recent months amid speculations and uncertainty in the market.
Further, the SEC had denied spot Bitcoin ETFs by several issuers in recent months, including Fidelity, SkyBridge, and Valkyrie.
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