News - SEC continues to delay applications

By Mike Hesp

SEC continues to delay applications

Bitcoin (BTC)
Laws and regulations

The SEC continues to delay applications for approval of a Bitcoin ETF. The next deadlines for BlackRock and Co. expire in January.

The approval of a Bitcoin ETF continues to bite on granite at the SEC. The authority has now again delayed reviewing the applications of BlackRock, Valkyrie, Invesco and Bitwise.

The applications from Fidelity, VanEck and WidsomTree would also be may be further delayed by the securities regulator, said James Seyffart, ETF analyst at Bloomberg.

The deadlines would not have passed until mid-October. According to Seyffart, the quick decision has to do with the imminent shutdown in the U.S. on Oct. 1.

The SEC already postponed applications in late August. The next deadline is mid-January, but may also be postponed. The authority must make a decision by mid-March.

The approval of a Bitcoin ETF in the U.S. is seen as a door opener for institutional investors. Market experts expect high demand.

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