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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
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.
#contentstar #GateioBountyCreator #bitcoin
#GateioTurns10 #HotTopicDiscussion #CryptoObserves