The future of bitcoin-ETF may be determined within 45 days, as the United States Securities and Exchange Commission (SEC) may already provide an initial decision on Bitwise Asset Management and NYSE Arca application, according to an official announcement.
The announcement states that "within 45 days of the date of publication of this notice... the Commission will by order approve or disapprove the proposed rule change."
However, the Commission may delay the decision regarding ETF as it did before on VanEck application.
It’s worth noting that the maximum allotted time for the SEC in such cases is 240 days.
Bitwise Asset Management is a cryptocurrency-focused index fund which was launched back in 2017 by Hunter Horsley.