According to ChainCatcher news, Bloomberg ETF senior analyst Eric Balchunas tweeted that U.S. regulators did not make a decision on the Grayscale Bitcoin ETF application as expected and have now exceeded the typical 160-day standard. At 11 a.m. local time on Friday The next batch of documents will be released.

Eric Balchunas added that filing records over the past two years show that the vast majority (94%) of applications are adjudicated within 160 days.