Posted 11/20/2023, 4:43:00 AM
SEC Delays Bitcoin ETF Approvals Over Manipulation Worries, Dampening Hopes for Wall Street Crypto Influx
- SEC delays approval for spot Bitcoin ETFs from Global X, Franklin Templeton, and Hashdex due to market manipulation concerns
- Recurring theme of SEC postponing Bitcoin ETF applications; decisions now delayed until next year
- Anticipation that Bitcoin ETF approval could bring major capital influx from Wall Street into crypto
- Analysts estimate 90% chance of approval by January, Coinbase prepared to support trading
- Delays seen as temporary roadblock; potential benefits include enhanced liquidity and stability