New SEC, Same Story. US SEC Postpones Decisions On Four Bitcoin ETF Applications Till End Of The Year

Oct 5, 2021

US SEC Postpones Decisions On Four Bitcoin ETF Applications Till End Of The Year

The Securities and Exchange Commission (SEC) of the United States said over the weekend that four Bitcoin exchange-traded fund (ETF) applications will be delayed until the end of the year.

The cryptocurrency industry hoped that, under Gary Gensler's leadership, the US SEC would be more favorable to cryptocurrencies and, at the very least, approve a Bitcoin ETF. Several investment businesses have submitted Bitcoin and Ether ETF proposals to the SEC in recent months, based on this optimism.

However, everything hasn't gone as planned for crypto fans. Gensler is working hard to govern the broader cryptocurrency market, and the regulatory agency has yet to accept a single crypto ETF application.

The SEC has postponed its decision on four Bitcoin ETF applications for a second time. Global X, Valkyrie, WisdomTree, and Kryptoin all had their decision deadlines pushed back to November 21, December 8, December 11, and December 24, respectively. Valkyrie, WisdomTree, and Kryptoin had their review periods previously extended by the SEC.

The regulatory agency has a history of delaying the approval of Bitcoin ETF applications before rejecting them. The SEC believes it is fair to give the Bitcoin ETF applications more time to be reviewed before deciding whether to accept or reject them.

Gensler Prefers A Bitcoin Futures ETF

The SEC chief, Gary Gensler, has stated several times that he favors an ETF that tracks Bitcoin's investment products over the cryptocurrency's spot price. He bemoaned the fact that there is still some price manipulation in the bitcoin industry, making a Bitcoin ETF dangerous for investors.

Despite this, the SEC has yet to analyze or approve the proposed Bitcoin futures ETFs. Bitcoin's price has dropped by less than 1% in the last 24 hours, but it is still trading above $47,000. The cryptocurrency market as a whole surged over the weekend, and it may continue to do so in the coming hours and days.

Subscribe Our Newsletter

Tesla Price Reductions

Alexander

Tesla Price Reductions for EVs Ignite Bull-Bear Debate on Wall Street

Tesla continues to be a highly controversial stock on Wall Street, with analysts differing in their expectations for the stock price and profits following recent price cuts.

Stocks
Oil Gains And Stocks Tick Up As OPEC Meet On Omicron
Oil Gains And Stocks Tick Up As OPEC Meet On Omicron

Oil prices rose strongly on Wednesday in London, recovering from the losses the day before as OPEC held a virtual meeting. The group convened at 1 p.m. GMT to shed some light on the possible impact on fuel demand while the globe examines the potential negative consequences caused by the Omicron strain.

Stocks
Get the ultimate solution: B2BinPay Get the ultimate solution: B2BinPay
Sponsored
Hazem

What Are Futures Contracts, and How Do They Work?
Futures are flexible instruments to hedge against market risks and expand your portfolio. What are futures, and how do they work? Find the answer here.

discover
Designated Market Maker (DMM) — What Role Does it Play?

Constantine

What Is a Designated Market Maker (DMM)?

Explore what a market maker is, what its role and responsibilities are in the financial markets, and what future prospects await such a business model.

Fintech
Contact us bg

Contact Us

Contact the Liquidity Provider
for any questions and advertising inquiries

    Please fill out this contact form to get in touch with us

    / 3000

    By clicking “Get in touch” button, you agree to the privacy policy

    Successful!
    Thank you for your request.
    We will contact you shortly.
    Close

    Сonstantine

    Internal vs External Range Liquidity In ICT Trading Explained

    Internal vs External Range Liquidity In ICT Trading

    Constantine

    Portfolio Backtesting — Tools, Metrics, and Methods Explained

    Portfolio Backtesting

    Сonstantine

    ICT Trading Explained: Smart Money Concepts, Tools and Setups

    ICT Trading Explained

    Сonstantine

    CFD Trading Strategies: A Practical Guide to Risk and Execution

    CFD Trading Strategies

    Alexander

    What is a Fair Value Gap? A Guide to Trading Market Imbalances

    What is Fair Value Gap

    Vitaliy

    Triangle Patterns in Trading: Mastering Ascending, Descending & Symmetrical Strategies for Maximum Profit

    Triangle Patterns in Trading: Ascending, Descending & Symmetrical Guide

    Alexander

    What Is COTI? Payments, Token & Price Prediction

    What is a COTI coin

    Constantine

    Best Copy Trading Software in 2025

    Best Copy Trading Software in 2025

    Alex

    What Is an AI Agent? The Future of Finance Explained

    AI Agent Explained

    Constantine

    How to Start a Liquidity Provider Business?

    How to Start a Liquidity Provider Business

    Constantine

    How to Start a White Label Brokerage?

    How to start a white label brokerage

    Constantine

    How to Start a Multi-Asset Brokerage?

    How to Start a Multi-Asset Brokerage

    Hazem

    Crypto Ransomware – How They Happen and How to Avoid Them

    Crypto ransomware explained

    Constantine

    Best Web3 Browsers in 2025

    Best Web3 Browsers

    Constantine

    Best DAO Projects in 2025

    Best DAO projects in 2025

    Alexander

    Crypto Nodes That Pay: Your 2025 Guide to Top Passive Income Opportunities in Crypto

    crypto nodes that pay

    Alex

    Pi Network: Scam or Groundbreaking Crypto? The Full Analysis

    Pi Network Explained

    Constantine

    Triple Net Lease: Meaning, Benefits, and Strategies Explained

    Triple Net Lease

    Constantine

    Hanging Man Pattern: How to Identify and Trade It Effectively

    Hanging Man Pattern

    Alex

    5 Infinite Banking Mistakes That Could Cost You Thousands

    Infinite Banking Mistakes to Avoid

    Aleksander

    Solana Firedancer: Solving Solana’s Biggest Problems with a New Engine

    Solana Firedancer explained

    Alexander

    What Is an Interest Coverage Ratio? How to Use This Financial Metric to Evaluate Company Health

    Interest Coverage Ratio Explained

    Hazem

    After-Hours Trading: Can You Trade After Financial Markets Close?

    After-Hours Trading Explained

    Alexander

    How to Scale a Crypto Exchange Business and Stay Competitive

    how to scale crypto exchange business
    liquidity-provider-logo
    • News
      • Stock Market Forecast
      • Stocks
      • Banks and Finance
      • Companies
      • Crypto
      • Forex
      • AI
      • Technology
      • DeFi
      • NFT
    • Articles
      • Crypto Payments
      • Trading
      • Crypto Exchange Business
      • Forex Business
      • Fintech
      • Liquidity
      • FinTech Awards
      • Blockchain
      • Investing
      • NFT
      • DeFi
    • More
      • Videos
      • Liquidity Providers List
      • Crypto Payment Providers
      • White Label Brokerage Platforms
      • Broker CRM Platforms
    [email protected]

    © 2024 Liquidity Provider. All Rights Reserved

    Privacy Policy Cookie Policy
    This site is registered on wpml.org as a development site. Switch to a production site key to remove this banner.