The delay comes as members of the US Congress have asked SEC Chairman Gary Gensler to “immediately” approve a Bitcoin spot ETF.
“The current position of the SEC does not allow us to move forward. Following the Court of Appeal’s decision, there is no basis for continuing to reject such applications on the basis of inconsistent and discriminatory standards,” the statement said.
At the end of August, the SEC delayed its decision on applications from BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise and Valkyrie Digital until October. The new review dates for Wise Origin, Galaxy and WisdomTree are October 17th, and for Valkyrie they are October 19th.
Still, some analysts remain optimistic. For example, Bloomberg senior ETF analyst Eric Balchunas is confident that spot Bitcoin ETFs will appear in the United States before the end of 2024.
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