Bitcoin was trading lower by more than 6% on Thursday morning.
The price was around $32,920 per coin, while rivals Ethereum and Dogecoin were trading around $2,200 and 21 cents per coin, respectively, according to Coindesk.
The Securities and Exchange Commission wants more time to review SkyBridge Capital’s application for a bitcoin exchange-traded fund, according to a filing by the U.S. regulatory agency and reported by Coindesk.
The SEC has extended the initial 45-day review period to Aug. 25. Anthony Scarammuci’s SkyBridge Capital