The U.S. Securities and Exchange Commission (SEC) has once again delayed its decision on multiple pending Bitcoin ETF applications, including those from major investment firms such as WisdomTree, BlackRock, Fidelity, VanEck, and Invesco Galaxy. Following the announcement, Bitcoin’s market value experienced a 5% decline, tumbling down to $26,100.The delay comes in the wake of Grayscale’s recent court victory over the SEC, which has fueled hopes for a more favorable regulatory environment for spot Bitcoin ETFs. While Grayscale’s win does not greenlight a spot Bitcoin ETF immediately, it does mean the SEC must re-review Grayscale’s proposal, providing some measure of hope for similar pending applications.Bitwise’s Chief Investment Officer Matt Hougan has publicly urged the SEC to approve all the pending Bitcoin ETFs at once, arguing that a collective approval would serve the best interests of investors. The SEC has often used up to 240 days for the review process, from the day an application is received to the final decision. Investors and industry observers now have their eyes peeled for mid-October, a month that could very well become a watershed moment for the world of cryptocurrency.

This News Article was automatically generated by Bob the Bot (AI)

Information	Details
Geography	North America
Countries
Sentiment	neutral
Relevance Score	8
People	Matt Hougan, Eleanor Terrett
Companies	Grayscale Investments, SEC, WisdomTree, Fidelity, Invesco Galaxy, VanEck, BlackRock
Currencies	Ethereum, Bitcoin
Securities	None