The US Securities and Exchange Commission (SEC) has delayed decisions on seven spot Bitcoin ETF applications. The new deadline for Bitwise's application is October 16, 2023, and it's October 17 for BlackRock, Fidelity, VanEck, and Invesco Galaxy. WisdomTree will wait until October 19 to find out the decision on its application.
The SEC started reviewing the applications in July and will have up to 240 days to make a decision. Last month, the SEC extended the review of the Ark 21Shares Spot Bitcoin ETF.
Affected by the news, the price of Bitcoin dropped 4.19% over the last 24 hours, trading at $26,044.19 now.
Related: Bitcoin Spot ETF - When will be the Approval Date | TokenInsight
To learn more about spot Bitcoin ETFs, please visit: Journey to Spot Bitcoin ETFs
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