SEC Postpones 7 Spot Bitcoin ETF Application Decision

US Securities and Exchange Commission (SEC), ; Invesco, Valkyrie, WistomTree, VanEck, Bitwise, Fidelity, BlackRock spot Bitcoin ETF decisions postponed to October. The following statements were made in the statement shared by the SEC:

"The Commission finds it appropriate to set a longer period of time to act on the proposed rule change in order to have sufficient time to evaluate the proposed rule change and the issues raised here." This decision of the SEC was noteworthy as it came after a significant victory of Grayscale Investments against the SEC.