Bitcoin

Gary

Coin

<ul class="news-points"> 
 <li><strong>SEC delays ruling on spot Bitcoin ETFs, including BlackRock, Bitwise, VanEck, Fidelity, Valkyrie, Invesco Galaxy, and WisdomTree.</strong></li> 
 <li><strong>Grayscale’s legal victory factors into the SEC’s delay.</strong></li> 
 <li><strong>45-day extension pushes decision date to October 16-19, but further delays are possible.</strong></li> 
</ul> 
<p>The U.S. Securities and Exchange Commission (SEC) has, once again, delayed its ruling on spot market Bitcoin exchange-traded funds (ETFs). Led by Gary Gensler, the Commission opted to postpone a decision on seven spot Bitcoin ETFs, which include BlackRock, Bitwise, VanEck, Fidelity, Valkyrie, Invesco Galaxy, and WisdomTree, citing the need for further evaluation.</p> 
<p>As per SEC filings dated August 31, BlackRock, the world’s largest asset manager with over $8.5 trillion in assets, along with six other spot Bitcoin ETF applications, will have to wait another 45 days for a decision – whether it’s approval, denial, or yet another delay. This move disappointed many in the crypto community who were <a href="https://coinedition.com/kraken-ceo-hopeful-for-bitcoin-etf-approval-despite-sec-delays/" rel="noopener noreferrer nofollow">hoping</a> for swift approval.</p> 
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   <p lang="en" dir="ltr">Anyone really think <a href="https://twitter.com/GaryGensler?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@GaryGensler</a> wasn’t going to delay for the sake of delay. <a href="https://t.co/qwn81CgENb" target="_blank" rel="noopener noreferrer nofollow">https://t.co/qwn81CgENb</a></p>— John E Deaton (@JohnEDeaton1) <a href="https://twitter.com/JohnEDeaton1/status/1697353258359017570?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">August 31, 2023</a> 
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<p>The cryptocurre…</p> 
<p>The post <a rel="noopener noreferrer nofollow" href="https://coinedition.com/blackrocks-bitcoin-etf-in-limbo-whats-behind-the-secs-latest-delay/">BlackRock’s Bitcoin ETF in Limbo: What’s Behind the SEC’s Latest Delay?</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinedition.com">Coin Edition</a>.</p>

BlackRock’s Bitcoin ETF in Limbo: What’s Behind the SEC’s Latest Delay?

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