The U.S. Securities and Exchange Commission (SEC) has announced a delay in its decision regarding ARK Invest’s and 21Shares’ Bitcoin spot ETF applications, as well as the GlobalX ETF application. This surprise move has left the cryptocurrency world uncertain about the future of Bitcoin ETFs in the United States. ETF analyst James Seyffart expressed astonishment and speculated that this delay may affect other ETF filings as well. The SEC’s decision has raised questions about its stance on cryptocurrency products and the timeline for their approval. The crypto market has experienced increased volatility, and investors and analysts are eagerly awaiting further developments.
AI Sentiment: Negative
