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SEC Delays Cryptocurrency ETF Decisions Amid Market Concerns

  • Regulator asks for additional comments on Bitwise crypto fund
  • Bitcoin remains lower after announcements on fund delays
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Bitwise CEO Stays Positive Despite SEC's Move to Delay Bitcoin ETF Decision
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The U.S. Securities and Exchange Commission again delayed a decision on approving two Bitcoin exchange-traded funds, dealing another blow to those in the cryptocurrencies community holding on to the belief that a favorable decision was imminent.

The regulator postponed until October a ruling on whether listing rules can change to allow the two funds to start trading. Decisions on both the Bitwise Bitcoin ETF Trust and the VanEck SolidX Bitcoin Trust have been repeatedly pushed back.