SEC ETF delay pulls market back leading to $130M liquidation havoc

The U.S. Securities and Exchange Commission’s latest delays on the spot Bitcoin (BTC) ETF applications led to a market-wide pullback that resulted in $130 million in liquidations over the last 24 hours.

SEC delays spot ETF decision

On Aug. 31, the financial regulator issued notices indicating the postponement of decisions on all ETF applications until October. The delay was attributed to the regulator’s need for adequate time to deliberate on the proposed rule change and the associated concerns.