7RCC's BTC Spot ETF Approval Decision Postponed by US SEC
CryptoNewsTerminal Staff04 Sep, 2024
7RCC's BTC Spot ETF Approval Decision Postponed by US SEC
The US Securities and Exchange Commission (SEC) has again postponed its deadline for a decision on approving 7RCC's BTC spot exchange-traded fund (ETF) to November 21, according to The Block. The SEC had previously postponed its decision on the product back in May. 7RCC first filed with the SEC to list a BTC spot ETF in December 2021, which it said would differ from existing BTC spot ETFs in that its portfolio would be 80% BTC and the rest carbon credits.
