SEC again delays decision on Grayscale's bitcoin ETF conversion proposal

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 into a full-fledged ETF. The SECthat 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.

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