https://www.theblockcrypto.com/linked/133101/sec-again-delays-decision-on-grayscales-bitcoin-etf-conversion-proposal

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/9265ed2e-3961-4a6f-9d36-56bcafddc0f4/220206_The_Block_Ads__450x450-1.jpg-1-1.jpg

The Securities and Exchange Commission (SEC) said Friday that it would again delay a determination on Grayscale's proposed bitcoin exchange-traded fund (ETF).

As previously reported, Grayscale is seeking to convert its Grayscale Bitcoin Trust (GBTC) into a full-fledged ETF. The SEC previously delayed a decision on the matter in December.

https://s3-us-west-2.amazonaws.com/secure.notion-static.com/8cc18058-3160-433b-a40c-89121efd4341/newsletter-screenshot.2732d67.png

Bloomberg Intelligence's James Seyffart noted in a tweet that Friday's punt means that a final decision on Grayscale's push will come in early July.

As has been seen in past instances -- with the SEC ultimately rejecting efforts to create spot bitcoin ETFs -- the SEC is seeking a fresh round of comments on the matter.

Last year, the SEC cleared the way for the first bitcoin futures-linked ETFs.