Bitcoin enthusiasts eagerly awaiting the green light to launch a bitcoin exchange-traded fund (ETF) will have to be patient as the US Securities and Exchange Commission (SEC) has once again delayed decisions on filings. The recent eight-day window for potential approvals ended without any new ETF launches, prompting the SEC to announce a review of next year’s filings.

Earlier this week, the SEC delayed approval of spot bitcoin fund ETFs from Global X and Franklin Templeton, as well as an application from Hashdex. These delays have become a recurring theme as the SEC remains cautious about approving bitcoin ETFs due to concerns about market manipulation.

Market observers have long been anticipating the possible approval of a Bitcoin ETF, believing that it could lead to a significant influx of capital from Wall Street into the cryptocurrency market. Analysts at CryptoQuant believe that such an approval could give a $1 trillion boost to bitcoin and other digital assets.

Despite the delays, analysts at Bloomberg Intelligence now estimate that there is a 90 per cent chance that a bitcoin ETF will be approved by January. Cryptocurrency exchange Coinbase has said it is prepared to respond swiftly if a dot-com Bitcoin ETF is approved, expecting an increase in market stability and liquidity similar to what has been seen in other asset classes, such as gold ETFs.