SEC Delays Decision on Spot Bitcoin ETF Proposal

<p>The
United States Securities and Exchange Commission (SEC) has announced a delay in
its decision on several proposals for spot Bitcoin exchange-traded funds
(ETFs). The affected applicants include financial giants like BlackRock,
Invesco, Bitwise, and Valkyrie. </p><p>SEC Postpones Review of Bitcoin
ETF Proposals</p><p>The
SEC's decision to postpone the review process occurred two weeks ahead of the
scheduled second deadline. It was originally arranged for October 16-19. Analysts
suggest that these delays are directly tied to the looming threat of a
government shutdown in the United States. It is expected to occur on October 1
if Congress fails to pass the necessary funding bills. </p><p>The
ongoing deadlock in Congress over these bills has created a unstable situation
for federal agencies, including the SEC. Bloomberg ETF analyst James Seyffart
anticipated that similar delays will impact applications from Fidelity, VanEck,
and WisdomTree.</p><blockquote><p lang="en" dir="ltr">BREAKING: