1 year ago
Invesco, Bitwise and Valkyrie are the different 3 firms that were deed with delays by the SEC.
The United States securities regulator has delayed the determination connected respective spot Bitcoin exchange-traded money (ETF) proposals, including BlackRock, up of an anticipated authorities shutdown.
Invesco, Bitwise and Valkyrie are the different 3 firms that were deed with delays by the Securities Exchange Commission successful abstracted Sept. 28 filings.
Bloomberg ETF expert James Seyffart is besides expecting the applicants of Fidelity, VanEck and WidsomTree to beryllium pushed backmost by the securities regulator.
ANOTHER: @BlackRock joins the enactment connected spot #Bitcoin ETF delays. Three retired of 7 down. https://t.co/Cn9DSibqf8 pic.twitter.com/eJTzDNInCi
— James Seyffart (@JSeyff) September 28, 2023The latest delays by the SEC travel 2 weeks up of the 2nd deadline for galore applicants who were expecting to perceive from the securities regulator by Oct. 16-19.
The U.S. Government is looking astatine a imaginable "shutdown" connected Oct. 1 arsenic some chambers of Congress — the House and Senate — haven’t agreed connected assorted backing bills to concern authorities operations.
Related: Bitcoin ETFs oregon not, don’t expect a ‘sexy’ crypto bull tally — Concordium founder
The SEC antecedently delayed a bundle of spot Bitcoin ETF applicants past the archetypal deadline successful aboriginal September.
Meanwhile, the 3rd acceptable of deadlines for the 7 firms is astir mid-January, which could besides beryllium delayed. The SEC volition person to marque a last determination by mid-March astatine the precise latest.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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