SEC Delays Decisions on Spot Bitcoin ETF Applications
Crypto investors will have to wait longer for regulators to decide whether to approve the first exchange-traded fund to directly hold bitcoin.
The Securities and Exchange Commission on Friday delayed decisions on applications by asset managers Franklin Templeton and Global X to launch spot bitcoin ETFs. It earlier this week delayed a decision on Brazilian asset manager Hashdex’s proposal to convert its futures-based bitcoin ETF into a spot fund.
The deadlines for the Franklin Templeton and Hashdex decisions were today; the Global X deadline is Nov. 21 . The delays effectively kicked decisions on all existing spot bitcoin ETF applications down the road.
