SEC to rule on five Bitcoin ETFs before Labor Day weekend
The SEC is set to make imminent rulings on Bitcoin ETF applications from five firms, with decisions expected before the Labor Day weekend . A cluster of filings for Bitcoin (BTC) exchange-traded funds (ETF) sits on the desk of the U.S. Securities and Exchange Commission (SEC), with decisions expected imminently—before the onset of the Labor Day holiday next week. Among the applicants are high-profile financial firms like Bitwise, BlackRock, VanEck, WisdomTree, and Invesco. Bitwise’s submission is slated for review by Sept. 1, while the remainder have until the following day for their applications to be assessed. It is widely speculated that the SEC will render its judgments before the long weekend kicks off. Prolonging decisions: A familiar tactic of the SEC? Not many are optimistic about swift approvals. The SEC’s track record suggests a tendency for deferring decisions on crypto-related filings. Just earlier this month, the regulatory body postponed its judgment on a spot ...