The U.S. Securities and Exchange Commission (SEC) has deferred action on applications for spot exchange-traded bitcoin funds (ETFs) from WisdomTree Investments (WETF) and One River Asset Management.
A decision on One River’s proposal has been delayed until April 3 and on WisdomTree until May 15.
The SEC had previously rejected WisdomTree’s application in December, but the fund manager amended and reapplied.