The Securities and Exchange Commission (SEC) has announced that it will need more time to evaluate several spot Bitcoin Exchange Traded Fund (ETF) applications, including those of Wisdom Tree Funds, Invesco and Galaxy Digital, and Valkyrie Funds. The decision on these applications, originally expected before September 2, will now be postponed until at least October 17. Market analysts predict further delays in these Bitcoin ETF approvals.
AI Sentiment: Negative
