SEC Delays Decision on Spot Bitcoin ETFs for BlackRock, Invesco, and Bitwise

The United States securities regulator has postponed its decision on several spot Bitcoin exchange-traded fund (ETF) proposals, including BlackRock, ahead of a potential government shutdown.

The Securities Exchange Commission (SEC) has hit Invesco, Bitwise, and Valkyrie with delays in separate filings on September 28. Bloomberg ETF analyst James Seyffart believes that Fidelity, VanEck, and WisdomTree's applications will also be pushed back by the SEC.

Latest Delays Come Amidst Possible Government Shutdown

The SEC's latest delays come just two weeks before the second deadline for many applicants, who were expecting to hear from the regulator between October 16 and 19. The U.S. Government is facing a potential shutdown on October 1 as Congress has yet to agree on funding bills to finance government operations.

Previous Delays and Future Deadlines

This is not the first time that the SEC has delayed decisions on spot Bitcoin ETF applicants. In early September, the regulator postponed a group of applications past the initial deadline. Moving forward, the third set of deadlines for these seven firms is expected around mid-January, although those dates could also be delayed. The SEC will have to reach a final decision no later than mid-March.

This is an ongoing story, and we will provide further updates as more information becomes available.