The US Securities and Exchange Commission (SEC) announced that it has delayed its decision on Grayscale’s spot Bitcoin ETF.
Grayscale is attempting to convert the Grayscale Bitcoin Trust (GBTC) into an ETF. The SEC also delayed its decision in December.
James Seyffart of Bloomberg Intelligence said that the SEC will make its decision on the ETF proposal in early July.
The SEC approved the first Bitcoin ETF proposal last year.
Bitcoin Rising
Bitcoin has finally started to recover after the decline it has experienced in the last few days and has left the $ 40,000 level behind. The leading cryptocurrency is trading at $ 40,521 at the time of writing, according to CoinMarketCap data.
Solana (SOL) and Avalanche (AVAX) also saw double-digit gains, making them among the top performing cryptocurrencies.
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