SEC delays its decision on Wilshire Phoenix Bitcoin ETF

The SEC has delayed its decision on whether it should approve a proposed bitcoin exchange-traded fund (ETF), CoinDesk reports. According to a public filing published Tuesday, the SEC has begun evaluating the proposed rule change to allow NYSE Arca to list and trade shares of Wilshire Phoenix’s Bitcoin and Treasury Investment Trust. The companies first filed the rule change proposal in May. Regarding the Wilshire Phoenix proposal, the SEC has a legally mandated 35 days from now to make a decision. The SEC also faces a final deadline to approve or disapprove a bitcoin ETF proposed by Bitwise Asset Management in the middle of October.