The U.S. Securities and Exchange Commission (SEC) has delayed its decision on four applications for spot Bitcoin exchange-traded funds (ETFs), including BlackRock, Invesco, Galaxy Digital, and Valkyrie, due to an upcoming government shutdown. This is the second time the SEC has extended the deadline for these applications within a month. The decision was delayed in anticipation of the U.S. government shutdown, which would disrupt several federal agencies, including the SEC. There are also three more ETFs with deadlines from VanEck, WisdomTree, and Fidelity Investments in the third week of October. The SEC had previously postponed the decision on spot Bitcoin ETFs in August for Fidelity’s Wise Origin Bitcoin Trust, VanEck Bitcoin Trust, and WisdomTree Bitcoin Trust.
AI Sentiment: Negative
