Postponed to February next year

On the 13th, the US SEC postponed its decision on Invesco’s application to list the virtual currency spot Bitcoin ETF. The original deadline was January 15th, but due to the postponement, the final decision will be made in February.

Update: SEC delayed @InvescoUS / @galaxyhq Ethereum ETF application — This was early but completely expected. (Wasn’t due until Dec 23rd I think) pic.twitter.com/jFCjnND3Rf

— James Seyffart (@JSeyff) December 13, 2023

An ETF expert commented, “The postponement was earlier than planned, but it was expected.” Invesco previously met with the SEC in November, along with BlackRock, Fidelity and Grayscale.

Last week, Reuters reported that the SEC and companies are discussing important technical details regarding ETFs, and that the product could be approved soon.

connection: SEC final stage of Bitcoin ETF review – Reuters report

connection:Learn about Bitcoin ETFs from the beginning: Explaining the advantages and disadvantages of investing and how to buy US stocks

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It has also been revealed that starting this week, major U.S. Wall Street banks will be able to participate in BlackRock’s pending Bitcoin ETF “iSHARES® BITCOIN TRUST”.

Although the SEC has not already approved it, it suggests that the possibility of approval is increased by adding an in-cash (cash delivery) option, which is an ETF issuance and redemption method that was revised and added after a meeting with the SEC. It seems there is.

connection: New developments in BlackRock Bitcoin ETF

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