Crypto investors have been eagerly awaiting the announcement of the SEC’s ETF decision, which is expected to be made by the end of tomorrow. The decisions are coming in. The SEC is starting to announce its decisions before the deadlines. It is likely that more decisions will be announced in the coming minutes.
Spot Bitcoin ETF Latest News
Following Grayscale’s defeat on Tuesday, the SEC has begun to announce its ETF decisions one by one. The institution has postponed the decision on WisdomTree Spot Bitcoin ETF. A few minutes later, a postponement decision was also made for the Invesco application. There are 5 more applications expected to be announced by September 4th. One of these 5 applications belongs to Fidelity, and the other belongs to BlackRock.
Since the SEC has two more postponement decisions to make, it will now have to make an acceptance or rejection announcement as the final decision dates for next year’s March approach.
In the graph above, you can see the details of the second, third, and final decision dates for ETFs. It is likely that the postponement decision will be announced for all applications within a few minutes. BTC is currently finding buyers at the level of $26,190. The recent decline, which started a few hours ago, was fueled by the expectation of postponement for the ETF by institutions.
