According to Bloomberg Intelligence data, the U.S. Securities and Exchange Commission (SEC) needs to reach a conclusion on the Bitwise Bitcoin BTC -0.05% ETP trust by September 1, and regulators can refuse, approve or delay.
In addition, seven Bitcoin ETF application decisions, including BlackRock, VanEck, WisdomTree and Invesco, will be made in September.
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Bloomberg Intelligence analyst James Seyffart said: “We fully expect these decisions to be delayed. The only thing that may change this view is the outcome of Grayscale’s lawsuit with the SEC, and even then, we may see these deadlines pushed back.” .
Even with the delay, the SEC would have to make a decision within 240 days, Seyffart said.
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