SEC Delays Decisions on Crypto ETFs Despite Calls for Approval

SEC Delays Decisions on Crypto ETFs Despite Calls for Approval

The U.S. Securities and Exchange Commission (SEC) has another time postponed its selections concerning spot Bitcoin trade-traded funds (ETFs), notwithstanding calls from numerous U.S. Representatives to approve them straight away.

For spot Ether ETFs proposed via VanEck and ARK 21Shares, the SEC prolonged the choice dates to December 25th and January 10th, respectively. GlobalX will should wait until November 21st for the fee’s verdict. Additionally, the SEC behind schedule its decisions on spot Bitcoin ETF applications from Invesco, Bitwise, and Valkyrie till mid-January.

These contemporary delays arrived two weeks in advance of the SECond one closing date for many applicants, who have been to start with looking forward to responses from the SEC among October sixteenth and nineteenth. The timing of these delays can be related to the narrowly prevented U.S. Authorities shutdown, that may have disrupted federal businesses and economic regulators.

Bitwise Asset Management spoke back to the postponement of its spot Bitcoin ETF by using filing an amended software, addressing the SEC’s objections to the product. In its revised application, Bitwise tackled what the SEC called the “blended” or “inconclusive” instructional research on the lead-lag dating between BTC futures and spot markets.

About Maria Morgan

Maria Morgan is a full-time cryptocurrency journalist at Coinography. She is graduate in Political Science and Journalism from London, her writing is centered around cryptocurrency news, regulation and policy-making across the glob.

View all posts by Maria Morgan →

Leave a Reply

Your email address will not be published. Required fields are marked *