US SEC Delays Hashdex Bitcoin ETF Approval Decision

The United States Securities and Exchange Commission (SEC) has pushed back the approval of the Bitcoin exchange-traded fund (ETF) for Hashdex.

This comes at a time when the crypto community is speculating on a number of applications awaiting a decision on approval from the US SEC.

New Year's delay for the HashDex Bitcoin ETF app

The SEC recently published a statement delaying a decision on the Hashdex Bitcoin ETF until the new year.

“The Commission shall set January 1, 2024 as the date on which the Commission shall approve or disapprove, or begin the process to determine the rejection of, the proposed rule pursuant to section 19(b)(2) of the Act.”

Learn more: How to Prepare for a Bitcoin ETF: A Step-by-Step Approach

“I don't see the SEC letting these late party filing dates derail things,” Bloomberg analyst Eric Balchunas commented following the announcement.

“My guess is that we'll always wake up one day in the coming weeks to news of 19b-4s being approved, and a lot of details will play out.”

Meanwhile, similarly, James Seifert recently commented on the matter:

“Hashdex App Has Delayed Order to Convert DEFI from Bitcoin Futures ETF to Futures and Spot ETF.”

The latest speculation is the approval of the Bitcoin ETF

This comes after reports that the SEC could approve Bitcoin ETFs just this week.

In the year On November 13, BeinCrypto reported the comments of Michael Sonnenshin, CEO of Greyscale Investments, about Bitcoin ETFs.

He said: “It has been a ten-year dress rehearsal. We are ready for the main event.

Meanwhile, BlackRock, the world's largest asset manager, has highlighted several critical risk factors associated with Bitcoin ETFs.

“There is no guarantee that Bitcoin will maintain its value in the long, medium, short or any other time frame. If the price of Bitcoin falls, the [BlackRock] He expects the share price to decline proportionately.

Learn more: How to open a Bitcoin account in 3 easy steps