The SEC has delayed decisions on spot Bitcoin ETFs, including those from GlobalX and Ark/21Shares. GlobalX expected a response on October 7, but now faces a longer wait. The SEC cited the need for more time. Hopes for approval of a spot Bitcoin ETF this year may have diminished due to these delays and concerns about a government shutdown.
Great. More time to stack.
Need for more time is good. If you are going to reject something you don't need so much time. They just want to keep filling bags until the bull run
The SEC has delayed decisions on spot Bitcoin ETFs, including those from GlobalX and Ark/21Shares. GlobalX expected a response on October 7, but now faces a longer wait. The SEC cited the need for more time. Hopes for approval of a spot Bitcoin ETF this year may have diminished due to these delays and concerns about a government shutdown.