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SEC Delays Decision on Multiple Crypto ETF Applications Under New Leadership
SEC Delays Decision on Multiple Crypto ETF Applications Under New Leadership
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The U.S. Securities and Exchange Commission has deferred rulings on spot Bitcoin ETF proposals from Grayscale, Bitwise, and Canary Capital, pushing deadlines to June 10-11. The delay follows Paul Atkins’ appointment as interim SEC Chair, signaling continued regulatory caution toward crypto investment products.
Market participants anticipated potential progress under new leadership, but the extensions suggest thorough review remains prioritized. The affected filings represent key benchmarks for institutional crypto adoption, with Grayscale’s conversion bid from GBTC to ETF being particularly watched.
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