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After a trio of Spot Bitcoin ETF applications were delayed early Thursday, the SEC will also delay a decision on BlackRock’s Spot Bitcoin ETF application. JUST IN: 🇺🇸 SEC delays decision for BlackRock's Spot #Bitcoin ETF. — Watcher.Guru (@WatcherGuru) August 31, 2023 The SEC delayed a decision on multiple Spot Bitcoin ETF applications, including Valkyrie, WisdomTree, and Invesco earlier today. After a Washington court overturned the SEC blocking Grayscale’s application earlier this week, many expect the SEC to delay other applications and appeal the court’s decision. Also Read: SEC Delays Valkyrie, WisdomTree Spot Bitcoin ETF Applications “The Commission finds it appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” documents say in response to the BlackR...

Last year in July 2022, Jacobi Asset Management announced that its Bitcoin ETF will list on the Euronext Amsterdam exchange. However, a year later, the platform announced that it is ‘”on track” to launch this month, adding that the timing wasn’t right the last year. advertisement Last year this time, the crypto market was already under intense stress with the collapse of the Terra ecosystem and the bankruptcies of crypto lenders and hedge fund Three Arrows Capital, following thereafter. Now, the market is buzzing with Bitcoin ETF applications after the world’s largest financial giant BlackRock filed its spot Bitcoin ETF application. Jacobi Asset Management admitted that the “demand has shifted since last summer”. Over Challenges of Launching Bitcoin ETF In Europe All digital asset exchange-traded products (ETPs) in Europe have been structured as exchange-traded notes (ETNs) instead of funds. Here’s the diff...