The US securities regulator has delayed the choice on a number of spot Bitcoin exchange-traded fund (ETF) proposals, together with BlackRock, forward of an anticipated authorities shutdown.
Bloomberg ETF analyst James Seyffart can be anticipating the candidates of Constancy, VanEck and WidsomTree to be pushed again by the securities regulator.
— James Seyffart (@JSeyff) September 28, 2023
The most recent delays by the SEC come two weeks forward of the second deadline for a lot of candidates who have been anticipating to listen to from the securities regulator by Oct. 16-19.
The U.S. Authorities is taking a look at a possible “shutdown” on Oct. 1 as each chambers of Congress — the Home and Senate — haven’t agreed on numerous funding payments to finance authorities operations.
The SEC beforehand delayed a bundle of spot Bitcoin ETF candidates previous the primary deadline in early September.
In the meantime, the third set of deadlines for the seven companies is round mid-January, which may be delayed. The SEC must make a closing choice by mid-March on the very newest.
This can be a growing story, and additional info might be added because it turns into accessible.