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The Securities and Exchange Commission has delayed decisions on several other bitcoin ETF proposals just days after delayed decisions for Ark 21Shares and GlobalX<\/a> until January.<\/p>\n The anticipated delays<\/a> filed Thursday focused on BlackRock, Valkyrie, and Bitwise\u2019s<\/a> bitcoin ETF applications. The SEC initially delayed its decision on the fund on Aug. 31.<\/p>\n On Wednesday, the SEC moved to delay Hashdex\u2019s bitcoin ETF which was expected on or around Oct. 6.<\/p>\n Bloomberg\u2019s James Seyffart said<\/a> the delays are trickling in now to get ahead of an expected government shutdown. In a hearing in DC earlier this week, SEC Chair Gary Gensler said a shutdown would leave the regulator with a \u201cskeletal\u201d staff.\u00a0<\/p>\n BlackRock is the most highly anticipated of the bitcoin ETF<\/a> applications, with the $9 trillion asset manager having an impressive record of approvals from the SEC. Bloomberg\u2019s Eric Balchunas and Seyffart have said that the record stands at roughly 575-1.<\/p>\n Read more<\/strong>: Is another SEC bitcoin ETF denial politically untenable?<\/a><\/p>\n Prior to the second delay, many of the fund hopefuls had deadlines in mid-October, though \u2014 as Blockworks previously reported \u2014 industry experts have stressed that the SEC can delay its rulings until the end of the 240-day deadlines.<\/p>\n The delays have left some questioning whether the SEC plans to appeal the Grayscale decision, in which a panel of judges sided with Grayscale<\/a> and asked the SEC to re-examine its application to convert its Bitcoin Trust (GBTC) to an ETF.<\/p>\n As Blockworks noted, there is a 45-day window from the Aug. 29 decision for the SEC to appeal. That would mark Oct. 13 as its final day.\u00a0<\/p>\n However, as the bitcoin ETFs face further \u2014 though expected \u2014 delays, the SEC is pushing forward with Ethereum futures ETFs.<\/p>\n Don\u2019t miss the next big story \u2013 join our\u00a0free daily newsletter<\/a>.<\/strong><\/p>\n
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