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 Commission was supposed to give its final say on the product during the summer but extended the window for its decision by several months.
In a recent announcement, the agency said it will delay its conclusion again until January 27, 2023.
“The Commission finds that it is appropriate to designate a longer period within which to issue an order approving or disapproving the proposed rule change
We współpracy z: https://cryptopotato.com/us-sec-delayed-decision-on-ark-21shares-bitcoin-etf-application/
