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US SEC Delayed Decision on ARK 21Shares Bitcoin ETF Application
The United States Securities and Exchange Commission (SEC) extended its final decision on whether to approve the launch of ARK 21Shares’ spot BTC ETF to January 27, 2023. The Commission stated it needs more time to consider the pros and cons of the ETF. Two More Months Ark Invest wanted to introduce a spot Bitcoin ETF on the Cboe BZX Exchange in 2021 when it teamed up with the Switzerland-based fintech company – 21Shares. The securities watchdog of the States, though, dismissed the application earlier this year. However, the partners filed with the SEC again shortly after the rejection. The […]
SEC Delays Decision on ARK 21Shares Spot Bitcoin ETF
The Securities and Exchange Commission (SEC) has delayed making a decision on ARK 21Shares spot Bitcoin exchange-traded fund (ETF) application, adopting the same playbook they used before rejecting Grayscale last month. The SEC has extended the window for it to decide whether to approve the ARK 21Shares spot Bitcoin ETF application. The securities’ regulator pushed back the date for a decision by 45 days to August 30. According to a filing, the SEC through Matthew DeLesDernier, its assistant secretary, stated that postponing its decision was appropriate to “earn sufficient time to consider” the proposals before it. The application for spot […]