The U.S. Securities and Exchange Commission (SEC) has postponed its decision on approving a Spot Bitcoin ETF, which includes proposals from BlackRock and Fidelity. This delay has affected the price of Bitcoin, causing it to slide below $26,000. A spot Bitcoin ETF would allow investors to buy and sell actual Bitcoin instead of futures contracts. The delay introduces uncertainty and risk for crypto investments, as traders may need to reconsider their portfolios in light of potential regulatory delays or changes. The SEC may also use this time to process a recent court order that criticized its rationale for past rejections. Overall, this news reflects the ongoing regulatory scrutiny and volatility in the crypto market.
AI Sentiment: Negative
