Wen Bitcoin ETF? SEC Delays Roll In as Approval Window Closes
Bitcoin hopefuls eagerly await the approval of a BTC ETF Investors interpreted the news as bullish, seemingly thinking that a spot Bitcoin ETF could be imminent. The SEC today delayed approval for a spot Bitcoin ETF from Global X, which had an initial deadline of November 21. It also delayed ruling on an application from asset manager Franklin Templeton for the same. Earlier this week, the Commission delayed an application from Hashdex for its own Bitcoin ETF. Market observers have long believed that such a product would open the floodgates from Wall Street, leading to significant influx of capital into crypto markets. Blockchain data analysts at CryptoQuant believe it could lead to a $1 trillion boost to Bitcoin and other digital assets. Ngunit pagkatapos Whether that prediction holds true remains to be seen—but the odds of an approval today are now zero. Inedit ni Guillermo Jimenez Editor‘s note: This article was updated after publication to include the SEC’s delayed decision on Franklin Templetons application for a Bitcoin ETF.






