SEC Delays More Spot Bitcoin ETF Filings: Fidelity, BlackRock, and Others Face Setbacks

The wait continues for a spot Bitcoin ETF in the US. The Securities and Exchange Commission (SEC) has once again deferred its decisions regarding multiple proposals for spot Bitcoin exchange-traded funds (ETFs) from prominent firms like Fidelity and others.

SEC Postpones Decision on Multiple Bitcoin ETF Applications

The Securities and Exchange Commission has delayed its decision on seven spot bitcoin exchange-traded fund (ETF) proposals. One by one, the SEC disclosed delays today for nearly every outstanding spot Bitcoin ETF application, except for Global X’s.

Specifically, the SEC has until mid-October to approve, deny or again delay its decision on bitcoin ETF plans from BlackRock, Fidelity, VanEck and Bitwise. These delays mark another chapter in the ongoing saga surrounding the approval of a spot Bitcoin ETF, something the crypto industry has been eagerly anticipating.

Fidelity\'s In-Kind Redemptions Request Delayed

The Securities and Exchange Commission has postponed its decision on Fidelity’s request to add in-kind redemptions to its spot Bitcoin and Ethereum exchange-traded. This feature, allowing investors to redeem ETF shares for actual Bitcoin, is seen as a key aspect by many in the industry.

Deadline Approaching: October Decision Expected

The U.S. Securities and Exchange Commission (SEC) has delayed until October making a decision on all of the spot bitcoin exchange-traded fund (ETF) applications the SEC’s deadline to respond is Oct. 7. The industry now awaits the SEC\'s next move, hoping for a clearer indication of the future of spot Bitcoin ETFs.

Stay tuned for further updates as we closely monitor the SEC\'s deliberations and the potential impact on the cryptocurrency market.