SEC Delays its Decision on Three More Bitcoin ETFs

The SEC has delayed its decision on spot Bitcoin ETF applications from BlackRock, Invesco, Bitwise, and Valkyrie.

This comes after the companies were initially expecting a response by October 16-19, but now a new date has been set for mid-January 2024.

According to Bloomberg analyst James Seyffart, the decision on bids from Fidelity, VanEck, and WidsomTree will also likely be pushed back.

The SEC had previously postponed consideration of documentation for the launch of spot Bitcoin ETFs from ARK Invest and 21Shares.

The delay is believed to be due to the anticipated government shutdown in the US, which could occur on October 1.

This would impact the operations of financial regulators and other federal agencies.

There are reports that the SEC is directly communicating with ETF issuers, a move that has not been seen before, according to Bloomberg expert Eric Balchunas. The reason for this direct communication is unclear.