TechFlow News, May 4: According to Reuters, the U.S. Securities and Exchange Commission (SEC) has delayed its review of the first batch of prediction-market ETFs, pushing back the launch of several products originally scheduled for last week. Roundhill Investments, Bitwise Asset Management, and GraniteShares had previously filed applications to launch ETFs tied to real-world events such as elections, recessions, and tech-sector layoffs.
According to sources familiar with the matter, the SEC is requesting additional clarification from issuers regarding product mechanics and disclosures; the delay is expected to be temporary. Under current rules, ETF filings typically become effective automatically after 75 days unless regulators intervene.
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