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SEC Delays Decision on ARK 21Shares Spot Bitcoin ETF

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 […]