The SEC has delayed the application results of at least 3 bitcoin spot ETFs

Odaily News SEC will delay the application approval of three Bitcoin spot ETFs. The SEC believes that more time is needed to decide on the Bitcoin spot ETF proposed by WisdomTree, Valkyrie, and Invesco, and the decision on the application results has been postponed to mid-October. The Commission believes that it is appropriate to give a longer period for approval, which will allow us sufficient time to consider the proposed rules and address the issues therein. In addition, the SEC did not indicate the specific reason for delaying the approval. As previously reported, the SEC is expected to respond to a series of applications for Bitcoin spot ETFs by the end of this week. (blockworks)