Bitwise bitcoin ETF delayed for another five weeks amidst concerns from the SEC60

The Bitwise bitcoin ETF was delayed for another five weeks in a statement from the U.S. Securities Exchange Commission. So far, it seems the Commission remains unconvinced that bitcoin is sufficiently resistant to price manipulation, along with a host of other concerns.

Following a May 7 amendment to Bitwise’s bitcoin ETF application, the Securities Exchange Commission (SEC) has delayed making a decision for another five weeks to solicit comments from the public. Thus far, the application has garnered 25 comments.

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