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SEC Delays Seven Spot Bitcoin ETF Decision till October 


U.S. Securities and Exchange Commission (SEC) has postponed verdicts on seven bitcoin ETF applications from firms like Blackrock, Wisdomtree, and Invesco Galaxy. The SEC expressed the need for more time to thoroughly assess the proposed ETFs and address concerns. Decisions on the applications, including those from Bitwise, Fidelity's Wise Origin, and Valkyrie, are now expected in mid to late October. Despite the delay, experts estimate a 75% chance of a bitcoin ETF being approved in 2023. The SEC began reviewing these applications last month after years of rejections and follows Blackrock's initial attempt this year.

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Serenyvip
· 2023-09-01 13:26
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