The SCA postpones its decision on 4 Bitcoin ETFs

Four apps Bitcoin ETF In preparation, approval dates are experiencing delays.

Once again, the Securities and Exchange Commission has postponed (SEC), the largest financial regulator in the United States, issued its decision on 4 Requests for Foreign Exchange Traded Funds (ETF) until at least November.

The Committee notes the need for additional time to decide whether or not to accept offers. This was included in a recent order notice issued by the commission.

Bitcoin Decision Payment ETF Until the end of the year

According to the committee he leads Gary Gensler, the regulator needs more time to decide on the applications before it. The official notice states:

“The Commission considers it appropriate to designate a longer period, during which an order will be given to approve or reject the proposed rule change, so that it will have sufficient time to consider the proposed rule change and the issues raised in the comment letters, which were submitted in connection with it.”

The four affected entities whose proposal has been extended are:

• Issuers Global X

• WisdomTree

• Kryptoin

According to the authorities, the decisions of the exchanges will be announced by 21 November and 8 December and11 December and 24 December, respectively.

SEC set of Bitcoin ETF app

Many analysts expected that the new committee chair, Gary Gensler, was about to speed up approval of Bitcoin ETF.

However, under his leadership, the committee postponed its decision on implementation, citing the need to properly understand the industry and protect investment funds.

According to our previous report, the Commission has up to 19 A pending application is currently before her.

Applicants range from VanEck to Bitwise to me Galaxy to me Wise Origin and another group.

Interestingly, that request Van Eck It can be the first ETF application, to receive a decision from the Committee, as the date of the application decision was previously postponed to 14 November.

Gary Gensler Recently, the commission could be more open to reviewing requests Bitcoin ETF related to futures contracts, under the Investment Company Law of 1940.