The U.S. Securities and Exchange Commission (SEC) has once again postponed its decisions on several proposals for spot bitcoin exchange-traded funds (ETFs). This delay affects applications from well-known financial companies such as Blackrock and Valkyrie, among others. The postponements come as the SEC prepares for a possible government shutdown that would impact its operations.
The future of spot bitcoin ETFs in the United States is now uncertain, as the regulatory body overseeing the securities market has continuously delayed its decisions. Notably, the applications from Blackrock, Valkyrie, Bitwise, and Invesco have been affected by this delay. This comes after similar postponements were announced earlier in the week for the proposals from Ark 21shares and Global X. The SEC had previously deferred its judgement on seven other funds, including those from Wisdomtree, Vaneck, and Fidelity, with the deadlines for some of these decisions set for the second half of October. The recent delays are believed to be attributed to the potential government shutdown, prompting the SEC to take precautions.
#SEC #bitcoinETFs #Blackrock #Valkyrie #Bitwise #Invesco #Ark21shares #GlobalX #Wisdomtree #Vaneck #Fidelity #governmentshutdown
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