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- 🎉 Hey Gate Square friends! Non-stop perks and endless excitement—our hottest posting reward events are ongoing now! The more you post, the more you win. Don’t miss your exclusive goodies! 🚀
🆘 #Gate 2025 Semi-Year Community Gala# | Square Content Creator TOP 10
Only 1 day left! Your favorite creator is one vote away from TOP 10. Interact on Square to earn Votes—boost them and enter the prize draw. Prizes: iPhone 16 Pro Max, Golden Bull sculpture, Futures Vouchers!
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Post your - 💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
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August 11 – 20, 2025
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2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Delays continue: SEC delays ruling on BlackRock, Fidelity Bitcoin ETF
Author: Ben Strack&Katherine Ross, Blockworks; Compiler: Songxue, Golden Finance
The list of Bitcoin ETF applications that the SEC is not yet ready to rule on is growing — with BlackRock, Fidelity, Bitwise and VanEck delaying their applications on Thursday.
The SEC's desire for more time became a trend as WisdomTree, Valkyrie and Invesco delayed making these extension decisions on similar proposals.
Similar to previous delays, the SEC said in the latest batch of filings that the ** extension "allows for sufficient time to consider the proposed rule changes and the issues raised therein." **
**The regulator now has at least 45 more days to process the proposals, pushing a new deadline to mid-October. The SEC can then approve, deny or delay its decision again. **
It has a total of 240 days to rule on the planned products, starting with publication of the four proposals in the Federal Register in mid-July. This leaves the SEC deadline of March 2024 to allow them to start trading or block them. **
BlackRock, which manages more than $9 trillion in assets, made headlines in June when it filed for the iShares Bitcoin Trust. The company's plans prompted resubmissions from other companies that had previously tried to launch such products.
Also among them was fellow financial services giant Fidelity, which reapplied for the Wise Origin Bitcoin Trust later that month. The company first applied for a Bitcoin ETF in 2021, but the proposal was rejected by the SEC in January 2022.
Although fund issuers filed to launch a spot bitcoin ETF back in 2013, the SEC never allowed them to move forward.
Last month, the company postponed a ruling on similar funds planned by Ark Invest and 21Shares, saying in a filing at the time that it would "file litigation" and seek public comment. The 240-day deadline for the SEC to rule on the product proposal expires on January 10, 2024.
Just days ago, the court granted Grayscale’s petition asking the SEC to reexamine its application to convert the Bitcoin Trust (GBTC) into an ETF.