SEC Delays Bitcoin ETF
SEC Delays Bitcoin ETFLast week the SEC released a document revealing that it would be delaying its verdict of the VanEck and SolidX Bitcoin ETF by 45 days. In a two-page document the regulator highlighted the fact that it was exercising its right to delay such a decision, from the original date of August 16th to September 30th.
As a result of rampant bearish speculation that followed the announcement, the market saw a quick sell-off, with the price of Bitcoin quickly dropping through the key support at $6,800. Currently Bitcoin has plummeted even further and is trading at $6,431.