As of September 4, 2023, there are a total of 26 bitcoin #ETF applications that have been filed with the US Securities and Exchange Commission (SEC). The #SEC has yet to approve any of these applications, but it has delayed its decision on several of them.
The latest news on approval dates is that the SEC has delayed its decision on the following #bitcoinETF applications:
* #Invesco, #WisdomTree, and #Valkyrie bitcoin ETFs: The SEC has pushed back the decision dates for these proposals by several weeks to mid-October, but could potentially delay further.
* #Grayscale Bitcoin Trust: The SEC has until October 18, 2023 to approve or deny Grayscale's application to convert its Bitcoin trust into an ETF.
The SEC has not given any specific reasons for the delays, but it has said that it is considering the risks of fraud and manipulation in the bitcoin market. The SEC is also reportedly concerned about the lack of transparency in the bitcoin market.
It is unclear when the SEC will make a decision on any of the bitcoin ETF applications. The approval of a #bitcoinETF would be a major milestone for the cryptocurrency industry. It would make it easier for investors to gain exposure to bitcoin and could help to legitimize the market. However, the SEC's decision is likely to be met with mixed reactions, with some investors celebrating the approval and others criticizing the SEC for not doing enough to protect investors.