SEC Defers Decisions on Two More Spot Bitcoin ETF Applications
- Franklin and Globe X applications are latest to be deferred
- Bitcoin has rallied in anticipation of SEC approvals
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The US Securities and Exchange Commission has deferred making a decision again on whether to approve the first US exchange-traded fund that invests directly in Bitcoin.
The primary US securities regulator deferred on filings from Franklin and Globe X, according to documents Friday. The deferrals come after delays for other filers because both companies had put out their initial applications later than some of their competitors.