​ SEC postponed decisions on Bitwise and Grayscale application | Best Crypto Traders Official

​ SEC postponed decisions on Bitwise and Grayscale applications to launch Bitcoin ETF.

The US Securities and Exchange Commission (SEC) has postponed until February 2022 a decision on applications from Bitwise Asset Management and Grayscale Investments to launch spot Bitcoin ETFs.
Approval or rejection of the application in the first case is expected on February 1, in the second - on February 6.
Bitwise Asset Management sent the documents on October 14 and withdrew its Bitcoin futures offer in November.
Grayscale Investments filed an application for converting a Bitcoin trust into an ETF based on the first cryptocurrency on October 19.

Grayscale Investments filed an application for converting a Bitcoin trust into an ETF based on the first cryptocurrency on October 19.
What is Bitcoin ETF?
1 What is ETF? An Exchange Traded Fund (ETF) is an index fund whose shares are traded on an exchange. In fact, an ETF is a type of security that acts as a certificate for a portfolio of stocks, bonds, commodities or cryptocurrencies. The price of this security follows the index based on certain underlying assets. In the USA, for the registration of the ETF-provider ...