The US Securities and Exchange Commission (SEC) has delayed its decision on the approval of spot bitcoin exchange-traded funds (ETFs) proposed by WisdomTree, Valkyrie, and Invesco. The SEC has never allowed such a product to come to market and will delay its ruling for at least another 45 days. The reason for the delay was not specified. This marks the first of several deadlines within a 240-day period for the SEC to address the plans.

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