The United States Securities and Exchange Commission has also reported delays for Invesco, Bitwise, and Valkyrie. Several proposals in the field of spot bitcoin exchange-traded funds including BlackRock have been put on hold by the US Securities and Exchange Commission. The SEC has already postponed the applications of Invesco, BitWise, and Valkyrie for spot bitcoin exchange-traded funds.
For many applicants, who were expecting to receive a reply from the Financial Supervisory Authority by October 16–19, this latest delay occurred two weeks ahead of the scheduled second deadline. By late August, when the initial deadline had passed, the Securities and Exchange Commission delayed several candidate applications for Bitcoin ETF. At the same time, by mid-January of this year, there are three further sets of deadlines for these seven companies and they might be delayed. At the earliest by mid-March, the Securities and Exchange Commission will have to take a definitive decision.
With a $9 trillion asset manager with an impressive approval record from the Securities and Exchange Commission, Blackrock is one of the most highly anticipated applications for bitcoin exchange traded funds.
For many applicants, who were expecting to receive a reply from the Financial Supervisory Authority by October 16–19, this latest delay occurred two weeks ahead of the scheduled second deadline. By late August, when the initial deadline had passed, the Securities and Exchange Commission delayed several candidate applications for Bitcoin ETF. At the same time, by mid-January of this year, there are three further sets of deadlines for these seven companies and they might be delayed. At the earliest by mid-March, the Securities and Exchange Commission will have to take a definitive decision.
With a $9 trillion asset manager with an impressive approval record from the Securities and Exchange Commission, Blackrock is one of the most highly anticipated applications for bitcoin exchange traded funds.