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SEC delayed its decision on ARK 21 Bitcoin ETF.
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SEC opened a 21 days comment period for the same.
Everyone was filing for Bitcoin ETF a while ago, but now the SEC has delayed approving ARK Invest’s BTC ETF. On August 11, 2023, the United States Securities and Exchange Commission (SEC) opened a 21 days comment period for ARK 21Shares Bitcoin ETF.
SEC Delayed its Decision on ARK 21 Bitcoin ETF
Cathie Wood’s ARK Invest initially filed its application for exchange-traded funds (ETF) in May 2023. As per the rules, SEC has a maximum of 240 days until January 2024 to reach a final decision. But on August 21, 2023, the agency swung into action after its publication in the Federal Register.
Experts believe the financial watchdog would decide whether to approve or disapprove the spot BTC ETF request. In April 2022, ARK Invest applied for Bitcoin ETF with the SEC. The proposal was rejected at the time because they had issues with the intermediary ex
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