SEC Delays Decision on Grayscale's Ethereum ETF, BlackRock and Bitwise Amend Bitcoin ETF Applications

The amendments follow discussions with the SEC and include detailed risk assessments and due diligence requirements.

BlackRock and Grayscale have submitted amendments to their Bitcoin ETF applications following discussions with the SEC.
The SEC has delayed its decision on Grayscale's Ethereum ETF until January 2024.
BlackRock's amended application includes specific mention of potential risks such as Fedwire and SWIFT outages, Bitcoin network disruptions, and cybersecurity breaches.
BlackRock's application also specifies that market makers are required to perform due diligence to ensure funds are not associated with unlawful activity.
Bitwise has also filed an amendment to its Bitcoin ETF application, changing the name of the potential fund to 'Bitwise Bitcoin ETF.'