SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity

The regulator has now announced delays for all six of the new ETF application.

4 comments

Too bad, hope it happens eventually.
- As per the article, this is to be expected, so it doesn't really mean anything, "SEC staff have traditionally used every possible comment and review period to delay making final decisions until those 240 days have elapsed, making Thursday's agency filings expected."
$$$ is pouring into GBTC rather than spot. Discount to NAV narrowing in anticipation of 0 day https://ycharts.com/companies/GBTC/discount_or_premium_to_nav
What, another way to commoditize and create a central holding of a large amount of coins? So weird how this revolutionary currency has just become a worthless asset to sit in large piles for investors. New money is the best money though, so much better. Totally not a ponzi scheme. Just need more people buying it to make the value go up so it can be worth more money before it becomes useful.