News Formal

US SEC delays decision on Bitwise spot Bitcoin ETF listing - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

  • 📰 SABCNews
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 51%

Business News News

Business Business Latest News,Business Business Headlines

The US Securities and Exchange Commission said on Tuesday it had not decided on whether to allow the listing of a spot Bitcoin exchange-traded fund by Bitwise Asset Management, and asked for public comments on aspects of the fund’s application.

The price of Bitcoin has lost nearly half its value in recent months, having hit a six-month low of $32,950 on January 24, from a peak of $69,000 hit in November.

The delay comes after the SEC has denied spot Bitcoin ETFs by several issuers in recent months, including Fidelity, Sky Bridge, and Valkyrie, all of which sought to provide easy exposure to the digital currency.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 37. in BUSİNESS

Business Business Latest News, Business Business Headlines