The U.S. Securities and Exchange Commission (SEC) has postponed its decision on WisdomTree’s Bitcoin Trust, which was first filed on December 8, 2021. With the first deadline looming, the institutional giant resubmitted its ETF application on July 19, 2023.
However, WisdomTree’s Bitcoin ETF proposal did not receive SEC approval in 2021. After BlackRock joined the spot Bitcoin ETF competition, WisdomTree also reapplied for the spot application, but WisdomTree is not the only institutional giant that tried again after being rejected. Institutions such as Valkyrie, Fidelity, and Invesco also reapplied for the spot application. Bitcoin ETFs.
This is a developing story and more information will be added as it becomes available.