The latest delays in the approval of spot Bitcoin exchange-traded funds (ETFs) by the Securities and Exchange Commission (SEC) have caused frustration among applicants. The SEC has postponed its decision on spot Ether ETFs from VanEck and ARK 21Shares until December and January, respectively. GlobalX will have to wait until November for a decision. The SEC has also delayed deciding on spot Bitcoin ETF applications from Invesco, Bitwise, and Valkyrie until mid-January. These delays came two weeks earlier than expected, possibly due to the potential U.S. government shutdown. Bitwise Asset Management has responded to the delay by submitting an amended application addressing the SEC’s concerns.
In other news, a Chinese court has recognized Bitcoin as a unique and non-replicable digital asset, highlighting its scarcity and inherent value. Taiwan’s Financial Supervisory Commission has released guidelines for virtual asset service providers (VASPs), including requirements for registration and separation of customer assets. The Securities and Futures Commission of Hong Kong will publish a list of licensed and suspicious virtual asset trading platforms to help the public identify potentially unregulated platforms.
Summary:
– SEC delays decision on spot Bitcoin and Ether ETFs
– Chinese court recognizes Bitcoin as a unique digital asset
– Taiwan introduces guidelines for VASPs
– Hong Kong to list licensed and suspicious virtual asset trading platforms
