The Securities and Exchange Commission has delayed decisions regarding the listing and trading of shares of proposed spot bitcoin exchange-traded funds from WisdomTree Investments and One River Asset Management, according to separate SEC notices.
The notices, dated March 18, relate to the WisdomTree Bitcoin Trust and the One River Carbon Neutral Bitcoin Trust. "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," according to the notice regarding the WisdomTree Bitcoin Trust, which said that the Cboe BZX Exchange had filed with the SEC on Jan. 25 regarding a proposed rule change to list and trade shares of the trust. The exchange proposes to list and trade the shares under a rule that governs the listing and trading of commodity-based trust shares on the exchange.
The SEC set May 15 as the date by which the commission "shall either approve or disapprove, or institute proceedings to determine whether to disapprove, the proposed rule change," the notice regarding the WisdomTree offering said.
NYSE Arca filed with the SEC on Sept. 20 regarding a proposed rule change to list and trade shares of the One River Carbon Neutral Bitcoin Trust, a separate SEC notice said. The SEC designated June 2 "as the date by which the commission shall either approve or disapprove the proposed rule change," the notice said.
A spokeswoman for One River declined to comment. WisdomTree did not respond to a request for comment.
