News - SEC delays decision on BlackRock Bitcoin ETF

By Mike Hesp

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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