SEC Delays Decision on GlobalX Spot Bitcoin ETF Date

Iravan774

The U.S. Securities and Exchange Commission (SEC) has stated that approval for Global X's spot Bitcoin ETF on the Cboe exchange is expected no earlier than December 22nd. The SEC has set a comment period for Global X Bitcoin Trust, which was submitted in collaboration with Cboe BZX exchange, and the comment period extends until the end of December. According to a news release from the SEC published on Friday, it aims to receive public comments on the proposal within the next 35 days, setting the new deadline for December 22nd. Bloomberg ETF analyst James Seyffert commented on X, stating that this delay was expected.

Indra55

Postponing the date is understandable.

Kabir903

Is there an option not to postpone? It seems like they are taking no action.

Jafar224

There's really nothing that can be done about the delay.