News Explorer — SEC Punts on Bitcoin ETF Approval Decisions Yet Again

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Nov 17, 8:51 pm

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SEC Punts on Bitcoin ETF Approval Decisions Yet Again

Bitcoin hopefuls were anticipating the approval of a BTC ETF, but the SEC is expected to delay decisions on pending applications and revisit them in the new year. The SEC has already delayed approval for a spot Bitcoin ETF from Global X and more delay notices are expected today. Market observers believe that a Bitcoin ETF could lead to a $1 trillion boost to Bitcoin and other digital assets.

Bitcoin hopefuls were anticipating the approval of a BTC ETF, but the SEC is expected to delay decisions on pending applications and revisit them in the new year. The SEC has already delayed approval for a spot Bitcoin ETF from Global X and more delay notices are expected today. Market observers believe that a Bitcoin ETF could lead to a $1 trillion boost to Bitcoin and other digital assets.

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