According to breaking information, the SEC postponed BlackRock's Spot Bitcoin ETF application.
The SEC is expected to postpone all Bitcoin and Ethereum ETF applications in case of a government shutdown in the United States. It is considered that the latest postponements are also within this scope.
Recently, the SEC also postponed the applications of Valkyrie, Bitwise and Invesco Galaxy, which also applied for Bitcoin Spot ETF.
The U.S. Securities and Exchange Commission announced yesterday that it has initiated additional proceedings with an additional delay to determine whether the proposed Valkyrie Bitcoin Fund spot ETF will be approved.
“Given the legal and political issues raised by the proposed rule change, it is appropriate to initiate proceedings at this time,” the regulatory body said in a statement. “The initiation of the process does not indicate that the Commission has reached a conclusion on any of the relevant issues,” the statement continued.
The regulator first postponed the Valkyrie Bitcoin Fund, which was planned for the end of August, and then postponed BlackRock's iShares Bitcoin Trust, Fidelity's Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, WisdomTree Bitcoin Trust, Invesco Galaxy Bitcoin ETF and Bitwise Bitcoin ETP Trust. had made the decision.
*This is not investment advice.