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News - SEC delays decision on BlackRock Bitcoin ETF
By
01-09-20231 min read
SEC delays decision on BlackRock Bitcoin ETF
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.
🚨 Breaking 🚨
— Seth (@seth_fin) August 31, 2023
🇺🇸 SEC just delayed the @WisdomTreeFunds #Bitcoin Spot ETF. Can you see it happen final deadline is in March 2024 same time as the Halving?#BTC #BitcoinETF #BTCETF #Crypto pic.twitter.com/6sMXYgrqpL
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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