Bitcoin is trading 11% higher on Friday, recovering from a downturn of last two weeks.

SEC announced today that it will delay the deadlines of four Bitcoin ETFs, namely Global X, Kryptoin, Valkyrie, Wisdomtree Bitcoin ETF. The deadlines were extended for another 45 days as the regulator believes it is appropriate to designate a longer period of time to make a decision.

Note, that some speculators, including Eric Balchunas from Bloomberg, were hoping the Bitcoin ETF to be approved by the end of the year.