The SEC postponed the Bitcoin ETF Spot decision filed by 6 applicants including Blackrock et al for 45 days after the announcement of Grayscale's victory in the DC district appeals court on August 29, 2023.
Gary Gansler and the team were cornered on several options including, agreeing to some or all of the Spot ETF proposal or withdrawing the Future ETF permit that had been granted or continuing to give other reasons regarding the delay or rejection of the Spot ETF.
Further decisions should be delivered by the SEC around October 13 2023, exactly 45 days after Grayscale's victory.
Is this an indication for Bitcoin to continue its rally again?
$BTC
Gary Gansler and the team were cornered on several options including, agreeing to some or all of the Spot ETF proposal or withdrawing the Future ETF permit that had been granted or continuing to give other reasons regarding the delay or rejection of the Spot ETF.
Further decisions should be delivered by the SEC around October 13 2023, exactly 45 days after Grayscale's victory.
Is this an indication for Bitcoin to continue its rally again?
$BTC