SEC Delays Multiple Spot Bitcoin ETF Applications, Including BlackRock’s

SEC Delays Multiple Spot Bitcoin ETF Applications, Including BlackRock’s

SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie.
The applications of Fidelity, VanEck, and WisdomTree might also be delayed.
In light of the impending government shutdown in the U.S, the SEC has postponed a judgement on several proposals for spot Bitcoin ETFs, among them BlackRock’s.
Separate filings from September 28 indicate that the SEC has also postponed the applications of Invesco, Bitwise, and Valkyrie for spot Bitcoin ETFs, and Bloomberg ETF analyst James Seyffart anticipates that the applications of Fidelity, VanEck, and WisdomTree will also be delayed.
Blackrock’s widespread dominance across industries in the U.S and internationally led the cryptocurrency community and financial professionals to unanimously predict that it would get the ETF clearance the fastest among all submissions.
More Time to Consider
The U.S SEC wants more time to consider the proposed rule change, thus ARK Invest 21Shares was delayed earlier. The US SEC has moved forward th

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