By Hannah Lang (Reuters) - The U.S. Securities and Exchange Commission (SEC) has delayed a decision on whether to approve applications for spot bitcoin ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOS - The U.S. Securities and Exchange Commission has delayed a decision on whether to approve applications for spot bitcoin exchange-traded funds from Invesco, WisdomTree and Valkyrie, a filing by the regulator showed on Thursday.
The delay comes just two days after a federal appeals court ruled on Tuesday that the SEC was wrong to reject an application from Grayscale Investments to create a spot bitcoin ETF. A three-judge panel of the District of Columbia Court of Appeals in Washington said the regulator failed to fully explain its reasoning when denying Grayscale's product.
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