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    • News - SEC delays decision on BlackRock Bitcoin ETF

    By Mike Hesp

    01-09-2023
    1 min read

    SEC delays decision on BlackRock Bitcoin ETF

    Bitcoin (BTC)
    Laws and regulations
    USA

    The SEC is taking more time to approve a Bitcoin Spot ETF. A number of ETF applicants must wait another 45 days for a decision. Among them is BlackRock.

    The Securities and Exchange Commission (SEC) is again postponing decisions on some Bitcoin Spot ETFs.

    The following ETF applicants must now wait another 45 days: BlackRock, Fidelity, WisdomTree, Invesco & Galaxy, VanEck, Bitwise and Valkyrie.

    The next deadline for decisions on Bitcoin ETFs is Oct. 17.

    Recently, the cryptocurrency authority had to deal with two setbacks in court. First, a court ruled that Ripple (XRP) is not a security.

    Second, an appeals court ruled that the SEC's Application by Grayscale to convert the GBTC Bitcoin Trust into an ETF should not have been dismissed outright.

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