**Summary:**
Despite the Securities and Exchange Commission’s (SEC) delay in deciding on Templeton and Hashdex’s Spot Bitcoin ETF applications, Bitcoin surged past $38,000. The SEC’s move to delay the ETFs sparked speculations in the market; however, analysts believe that this delay could potentially set the stage for a wave of approvals in early January. Institutional money continues to pour into the crypto market, indicating investors’ confidence in an imminent approval.

The SEC’s latest decision puzzled many as it wasn’t due until January 1, 2024, leading to speculations about whether this implies an impending approval. Some analysts are interpreting this move as a positive sign, suggesting it could lead to a series of approvals in the near future.

**SEC Delays Fail To Dampen BTC As It Surges Past $38,000 Despite The SEC’s Move To Delay Spot Bitcoin ETFs**
The Securities and Exchange Commission’s (SEC) recent announcement to postpone its decision on two Spot Bitcoin ETFs by Templeton and Hashdex did not hinder the progress of Bitcoin, the leading cryptocurrency, as its value exceeded $38,000. The delay, accompanied by an invitation for comments on concerns of fraud and manipulation, failed to hinder the market’s momentum.

Despite the delay, the crypto market showed resilience, with Bitcoin surging past $38,000 and other cryptocurrencies also experiencing gains. This unexpected outcome is notable, given that the recent market momentum has largely been linked to the potential approval of a Spot Bitcoin ETF. CoinShare’s report highlighted a significant influx of institutional capital into the crypto market last week, reinforcing the market’s optimism.

The unexpected delay by the SEC, particularly as the decision wasn’t due until January 1, 2024, has sparked various speculations regarding the likelihood of an impending approval. However, some analysts view this delay as potentially favorable; they believe it may pave the way for a series of approvals in early January, indicating a positive turn of events for the market.

**FAQs**

**1. What is the significance of the SEC’s delay on the Spot Bitcoin ETFs?**
The SEC’s decision to delay its ruling on two Spot Bitcoin ETFs by Templeton and Hashdex has prompted speculations and debates in the crypto market. While it initially caused uncertainty, some analysts perceive this delay as a potential precursor to a series of approvals in the near future.

**2. Why did Bitcoin’s price surge past $38,000 despite the SEC’s delay?**
Bitcoin’s resilience and upward trajectory, despite the SEC’s delay, have been attributed to the influx of institutional capital into the crypto market. This indicates investors’ confidence in an imminent approval, despite regulatory uncertainties.

**3. When was the SEC’s decision on the Spot Bitcoin ETFs originally due?**
The SEC’s decision on the Spot Bitcoin ETFs by Templeton and Hashdex wasn’t expected until January 1, 2024. The unexpected delay has led to discussions about its implications and potential outcomes for the market.

**Sources:**
– Bitcoinist: [SEC Delays Fail To Stop BTC As Price Clears $38,000](https://bitcoinist.com/bitcoin-rise-hinges-on-etf-approval-analyst/)
– Bitcoinist: [Trillion-Dollar Spot Bitcoin ETF](https://bitcoinist.com/trillion-dollar-spot-bitcoin-etf/)
– Bitcoinist: [Hashdex Bitcoin Spot ETF Unique Application](https://bitcoinist.com/hashdex-bitcoin-spot-etf-unique-application/)
– Medium: [Volume 159 Digital Asset Fund Flows Weekly Report](https://jbutterfill.medium.com/volume-159-digital-asset-fund-flows-weekly-report-0103828f4a3d)

*This article is based on the existing article titled “SEC Delays Fail To Stop BTC As Price Clears $38,000” from Bitcoinist.com.*