The Securities and Exchange Commission (SEC) has delayed applications for a Bitcoin ETF from firms such as BlackRock, Fidelity, and others due to worrying investor protection concerns that have arisen.
The U.S. Securities and Exchange Commission has delayed the decision on applications from ARK Invest and 21Shares for a spot Bitcoin ETF. The delay marks the latest setback for the cryptocurrency space, which has yet to see an ETF approved.
The United States Securities and Exchange Commission (SEC) has announced a delay to its deadline for approving a Bitcoin ETF, pushing the timeline back until at least early 2024. This means investors will need to wait longer before they can access a Bitcoin ETF.