The SEC has decided to delay it’s decision on Bitwise and Grayscale’s ETFs until possibly February. On the delay the SEC wrote: “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,”.
This comes on the heels of the rejected VanEck’s Physical Bitcoin ETF that was outright rejected by the SEC in November. Despite the rejection VanEck launched its BTC futures ETF on the CBOE (Chicago Board Options Exchange).