Coinspeaker
US SEC Delays BlackRock and Other Spot Bitcoin ETF Applications
On Thursday, August 31, the US Securities and Exchange Commission (SEC) delayed its decision on bringing the first spot Bitcoin ETF into the market that invests directly into BTC. The development comes soon after the SEC faced a crushing defeat against Grayscale earlier this week. The SEC has delayed a decision on a total of seven proposals including those submitted by BlackRock, WisdomTree, VanEck, Valkyrie, Bitwise, and others. Currently, the US SEC has delayed the decision on spot Bitcoin ETF applications up to October 17, in the next month.
Spot Bitcoin ETF Applications
The SEC will have an additional 45 days after the publication in the Federal Register to evaluate the suggested rule modifications permitting the listing of these investment products. This extension grants the regulatory body until October to make a decision, whether it’s approval, denial, or a further delay.
SEC Chair Gary Gensler has con
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