SEC delays decisions on whether to approve Invesco, Fidelity spot bitcoin ETFs

The U.S. Securities and Exchange Commission on Thursday delayed making a decision on spot bitcoin exchange-traded fund applications filed by Wall Street heavyweights Invesco (IVZ), Fidelity Investments, Valkyrie, Bitwise and WisdomTree (WT), according to documents posted on its website.

Bitcoin (BTC-USD), already down big before the news, was off 4.9% to $25.9K at 5:26 p.m. ET. That was before the token rallied to as high as $27.9K on Tuesday, when judges overturned an SEC decision to block Grayscale Investments from converting its bitcoin trust (OTC:GBTC) into an ETF that invests directly in bitcoin (BTC-USD).