Bloomberg analysts: U.S. regulators may have delayed a decision on Grayscale's Bitcoin ETF application

ChainCatcher news, Bloomberg ETF senior analyst Eric Balchunas tweeted that U.S. regulators have not made a decision on the Grayscale Bitcoin ETF application as expected, and it has now exceeded the typical 160-day standard. The next batch of documents will be released at 11 AM local time on Friday.

Eric Balchunas added that based on the application records from the past two years, the vast majority (94%) of applications are decided within 160 days.