SEC Announces Further Delay on Bitcoin and Ethereum ETF Decisions

The U.S. Securities and Exchange Commission (SEC) has announced another delay in its decision regarding the proposed Bitwise exchange-traded funds (ETFs) that combine Bitcoin and Ethereum. The delay specifically concerns two separate proposals: the Bitwise Bitcoin ETP Trust and the Bitwise Ethereum ETP Trust. The SEC had previously postponed its decision on these ETFs, and has now extended the review period once again, raising questions about the future of such investment vehicles in the U.S. market. Bitwise’s application focuses on ETFs that permit in-kind redemptions, a feature that might appeal to investors seeking greater flexibility. The ongoing delay suggests that the SEC is taking a cautious approach to approving investment products related to cryptocurrencies, taking into consideration factors such as investor protection, market volatility, and regulatory compliance. The cryptocurrency community is anticipating a final decision on these ETFs, as their approval could have significant implications for institutional access and broader adoption of cryptocurrencies.