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The U.S. SEC has postponed its decisions on spot bitcoin ETF applications, including those from BlackRock and VanEck, until October. The SEC has extended comment periods, setting new deadlines for mid-October. The regulator traditionally uses the full 240-day review period. A recent court ruling questioned its arbitrary rejections of similar ETFs.
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"The SEC has used similar arguments in rejecting other ETF applications as it did in rejecting Grayscale's bid. The appeals court ordered the regulator to review the application once more."
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