US Securities and Exchange Commission delays 3 bitcoin ETF recommendations to fall

The US Securities and Exchange Commission (SEC) postponed a decision on three proposals for Bitcoin exchange-traded funds (ETFs) on Monday. The Bitcoin ETF was filed earlier this year by Bitwise Asset Management, VanEck/SolidX and Wilshire Phoenix, and has been filed on the New York Stock Exchange Arca and the Chicago Board Options Exchange BZX. These ETFs are seeking to be the first such investment tool based on Bitcoin. These documents were published in the Federal Register in February and June this year, and the 240-day final decision of the law was initiated. The final decision of the Bitwise and VanEck/SolidX proposals is expected to be made on October 13th and 18th, respectively.