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US SEC Delays Decision on Multiple Cryptocurrency ETF Applications
Summary: In breaking news, the U.S. Securities and Exchange Commission (SEC) has postponed the approval decision on Bitcoin and Ethereum ETF applications from Truth Social, a media and technology group owned by Trump. According to documents filed on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, as part ...
In breaking news, the U.S. Securities and Exchange Commission (SEC) has postponed the approval decision on Bitcoin and Ethereum ETF applications from Truth Social, a media and technology group owned by Trump.
According to documents filed on Monday, the SEC has extended the approval deadline for the Truth Social ETF to October 8, as part of its routine process of evaluating dozens of cryptocurrency ETF proposals.
Also delayed on the same day were the approvals for CoinShares Litecoin ETF, CoinShares Ripple ETF, and 21Shares Ripple ETF, with decision deadlines all pushed to late October. The SEC stated in the documents that the committee believes it is necessary to extend the review period in order to fully assess the proposals and related issues.
