The SEC Delays Bitcoin ETF Rulings
The U.S. Securities and Exchange Commission (SEC) has postponed decisions on proposed rule changes related to spot Bitcoin exchange-traded funds (ETFs) until October. This delay affects several applicants, including Fidelity, VanEck, WisdomTree, and Invesco. The SEC’s cautious approach to crypto-based funds continues as it faces pressure from major financial institutions. Bitcoin’s price reacted with volatility to the news, falling 5% after the SEC’s announcement. With the uncertainty surrounding Bitcoin ETFs, analysts suggest diversifying into altcoins with upside potential.
– The SEC postpones decisions on spot Bitcoin ETFs until October.
– Major financial institutions, like BlackRock, are proposing Bitcoin ETFs.
– Bitcoin’s price experienced volatility after the SEC’s announcement.
– Analysts recommend diversifying into altcoins with potential.
– Altcoins like Maker, Wall Street Memes, Mantle, Launchpad XYZ, and dYdX are worth considering.
By
By
By