The SEC continued with a filing frenzy ahead of a government shutdown, delaying proposed spot bitcoin ETFs from WisdomTree and Fidelity.
The regulator said it was instituting additional proceedings to determine whether the proposed ETFs should be approved or disapproved. It asked for input from commentators, who have 21 days to submit written data, views and arguments. There's another 35-day rebuttal period, which suggests the approval process will drag on for at least a few more months.
"Institution of proceedings does not indicate that the Commission has reached any conclusions with respect to any of the issues involved," it wrote in the WisdomTree filing.
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