The US Securities and Exchange Commission (SEC) has again delayed approval for a set of Bitcoin spot ETF applications that have accumulated in its inbox.

One is GlobalX’s ETF application, for which a response was due from the agency on October 7 after the ETF provider joined the race later than competitors. However, it also delayed approval for the Ark/21Shares ETF, which wasn’t due until November 11.

“The Commission designates January 10, 2024, as the date by which the Commission shall either approve or disapprove the proposed rule change,” wrote the SEC in a Tuesday filing. This marks the absolute final deadline by which the agency must either approve or deny Ark’s application.

The SEC last delayed Ark’s application in August, followed by a slew of other delays on applications from rival firms that were due in early September. BlackRock—the most prominent among the competitors—has its next deadline slated for October 17, which may be delayed again.

The delay comes shortly after a group of crypto-supportive congressmen including Tom Emmer and Ritchie Torres sent a letter to SEC chair Gary Gensler demanding that he “not continue to discriminate against spot Bitcoin exchange-traded products.”

Go to Source to See Full Article
Author: Andrew Throuvalas

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details