US SEC postpones ruling on 6 spot Bitcoin ETF applications
The United States Securities and Exchange Commission (SEC) has postponed its ruling on six spot Bitcoin exchange-traded fund (ETF) applications from WisdomTree, Invesco Galaxy, Valkyrie, VanEck, Fidelity, and BlackRock. In a filing on Aug. 31, the regulator said they will be taking another 45 days to consider the proposed rule changes. That means they have until October 2023 to approve, deny, or announce a delay of the decision. This postponement follows reports suggesting that the SEC might consider applications with surveillance-sharing agreements, prompting several firms to resubmit their applications . Additionally, it comes after speculation by Bloomberg analysts Eric Balchunas and James Seyffart that a spot Bitcoin ETF might be approved in the US following this week’s court ruling favoring Grayscale’s appeal. You might also like: Analysts: chance of SEC approving spot Bitcoin ETF in 2024 is at 95% Excluded from this determination is Bitwise’s Bi...