The U.S. Securities and Exchange Commission (SEC) has postponed its decision on the application of BlackRock, the world’s largest asset manager, for a spot Bitcoin exchange-traded fund (ETF). This is the seventh Bitcoin ETF application that the SEC has delayed on Aug. 31, 2023, amid growing demand and interest from investors.
What is a Bitcoin ETF and why is it important?
A Bitcoin ETF is a type of investment product that tracks the price of Bitcoin and allows investors to buy and sell shares of the fund on a regulated exchange. A Bitcoin ETF would provide investors with exposure to the cryptocurrency market without having to deal with the complexities and risks of buying, storing, and securing Bitcoin directly.
A Bitcoin ETF would also increase the liquidity, transparency, and efficiency of the Bitcoin market, as well as attract more institutional and retail investors to the space. A Bitcoin ETF would also potentially reduce the premium that some investors pay to access Bitcoin through other vehicles, such as trusts or funds.
Why did the SEC delay BlackRock’s Bitcoin ETF application?
BlackRock filed its application for the iShares Bitcoin Trust in June 2023, with Coinbase Custody as the planned custodian of the fund’s Bitcoin holdings and the Bank of New York Mellon as the administrator of its fiat accounts. The iShares Bitcoin Trust aims to offer investors access to Bitcoin markets without having to have direct exposure to BTC itself.
However, the SEC has not yet approved any Bitcoin ETF applications in the U.S., citing concerns over market manipulation, investor protection, custody, valuation, and liquidity. The SEC has repeatedly extended its review periods for various Bitcoin ETF applications, seeking more public comments and information from the applicants.
On Aug. 31, 2023, the SEC announced that it would defer its decision on BlackRock’s Bitcoin ETF application until Oct. 25, 2023, making it the seventh application to receive a delay on that day. The SEC also postponed its decisions on the applications from Fidelity, WisdomTree, Invesco Galaxy, Valkyrie, Bitwise, and VanEck.
What are the chances of a Bitcoin ETF approval in the U.S.?
Despite the delays, some analysts and experts remain optimistic that a Bitcoin ETF approval in the U.S. is inevitable and imminent. They point to the growing adoption and acceptance of Bitcoin by mainstream institutions, regulators, and investors around the world.
For instance, Canada has already approved several Bitcoin ETFs since February 2023, which have attracted significant inflows and trading volumes. Moreover, Grayscale Investments, the largest digital asset manager in the world, recently won a lawsuit against the SEC over its attempt to convert its Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF. The court ruled that the SEC failed to provide sufficient reasons for denying Grayscale’s application and ordered it to reconsider its decision.
![gain Rise in Gold Rate in India After Falling Rs 21,200/24K; Will Gold Price Today Jump or Drop on 28 March? By Harshika Yadav Published: Saturday, March 28, 2026, 6:55 [IST] preference Add as a preferred source on Google Gold rates in India witnessed a modest recovery on March 27, 2026, after a sharp fall in the previous session, indicating a cautious stabilisation in the bullion market. The yellow metal had dropped by Rs 212 per gram (or Rs 21,200 per 100 grams) of 24 Karat (24K) earlier, but managed to regain some ground. Gold Price Updates as US-Iran Tensions Ease; Pakistan, Turkiye & Egypt Step Up Mediation Efforts The rise in yellow metal follows easing geopolitical concerns after US President Donald Trump signalled a delay in potential military action against Iran's energy infrastructure by 10 days, pushing the deadline to April 6. This development, along with ongoing diplomatic efforts, has helped support safe-haven demand. gold Rate Today Further adding to market sentiment, Pakistan's Foreign Minister Ishaq Dar confirmed that Islamabad is acting as an intermediary between the United States and Iran, relaying messages as part of efforts to de-escalate tensions. Countries like Türkiye and Egypt are also reportedly supporting the mediation process, offering some relief to global financial markets. Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Gram 24 Karat Gold Rate Today in India In the 24 Karat segment, at the time of writing, the rate for 1 gram stood at Rs 14,471, rising by Rs 16 from Rs 14,455. For 8 grams, the price increased to Rs 1,15,768, up by Rs 128. The rate for 10 grams climbed to Rs 1,44,710, reflecting a gain of Rs 160, while 100 grams of 24 Karat gold were priced at Rs 14,47,100, marking an increase of Rs 1,600. 22 Karat Gold Rate Today in India The price of one gram of 22K stood at Rs 13,265, gaining Rs 15 from the previous session. For 8 grams, the rate rose to Rs 1,06,120, registering an increase of Rs 120. The cost of 10 grams advanced to Rs 1,32,650, up by Rs 150, while 100 grams were priced at Rs 13,26,500, reflecting a gain of Rs 1,500. 18 Karat Gold Rate Today in India The rate for one gram of 18K stood at Rs 10,853, up by Rs 12. For 8 grams, the price moved up to Rs 86,824, marking a gain of Rs 96. The rate for 10 grams climbed to Rs 1,08,530, increasing by Rs 120, while 100 grams were valued at Rs 10,85,300, reflecting an uptick of Rs 1,200. Latest MCX Gold Price In the domestic futures market, gold on the Multi Commodity Exchange (MCX) held firm above the Rs 1,44,500 level as per latest trading record, supported largely by the weakness in the Indian rupee, which continues to cushion local prices despite global volatility. Latest Spot Gold Rate The rebound in domestic gold rates comes alongside a recovery in international markets, where gold moved above the $4,400 per ounce mark. What Lies Ahead for Gold Prices? Check Gold Rate Prediction Jateen Trivedi, VP - Research Analyst (Commodity and Currency), LKP Securities, said, "Gold remained slightly positive, trading above $4,425 with highs near $4,475, supported by initial optimism around US-Iran talks. However, the sharp rise in crude continues to signal underlying market stress and inflation risks." From a technical perspective, he explained, "Technically, support is seen near Rs 1,42,000, while resistance is placed around Rs 1,46,500. Overall, gold is expected to remain volatile with limited upside unless clarity emerges on inflation and geopolitics."](https://keralanews247.com/wp-content/uploads/2026/03/rupee-and-dollar-scaled-120x86.png)
