The Securities and Exchange Commission postponed its decision on WisdomTree bitcoin ETF with a request for public feedback. Members of the public will express their thinking on whether the trust should be approved or denied.
Public comments must be submitted to the Federal Register within three weeks, and rebuttals filed in 35 days from publication.
The SEC Stated: “The Commission requests that interested persons provide written submission of their view, data, and arguments with respect to the issues identified above, as well as any other concerns they may have with the proposal.”
The SEC is seeking public comment on whether the proposed Bitcoin ETF would be susceptible to manipulation. Whether the exchange’s proposal is structured to sufficiently prevent fraudulent and manipulative acts and practices.
The SEC is currently reviewing over a dozen active bitcoin ETF applications. Various applications similar to this one are now being reviewed by the SEC. It also includes Wisdom Tree filed for an Ether ETF.
The SEC said: “ The Exchange asserts that the manipulation concerns previously articulated by the Commission are sufficiently mitigated to the point that they are outweighed by quantifiable investor protection issues.”
The application was first filed with the SE