Crypto Influencers Speculate On SEC’s Bitcoin ETF Delay
Following the United States Securities and Exchange Commission’s (SEC) decision to delay seven applications for spot Bitcoin exchange-traded funds (ETF) in the US, crypto influencers have shared their opinions on the matter. Here are the key points:
– Some influencers expected the delay, while others think it’s taking too long.
– Bloomberg’s James Seyffart stated that he fully expected delays to happen and would have been surprised if it was a different outcome.
– The Bitcoin Therapist predicted that the delay will backfire on the SEC and lead to the approval of Bitcoin ETFs, the Bitcoin halving in April 2024, and nationwide adoption.
– Scott Melker criticized those who sold Bitcoin before the news, questioning who knew in advance about the delay.
– Grayscale’s successful appeal against the SEC brought optimism to the industry, but the price of Bitcoin has since declined.
Hot Take
The delay in the SEC’s decision on Bitcoin ETFs has sparked speculation and divided opinions among crypto influencers. While some expected the delay and see it as a necessary part of the process, others believe it is taking too long and may have negative consequences for the SEC. The industry remains hopeful for the approval of Bitcoin ETFs and the potential positive impact it could have on Bitcoin adoption.
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