SEC delays decision on ARK 21Shares Bitcoin ETF by 60 days
The US Securities and Exchange Commission (SEC) has extended the approval period for the Bitcoin exchange-traded fund (ETF) ARK 21Shares, a joint proposal by Ark Invest and 21Shares.
According to filings filed Tuesday, the SEC will do so to press The approval or rejection period for the ARK 21Shares Bitcoin ETF is 2/2 to 3/4 (an additional 60 days). The agency noted that it is “reasonable to set a longer period” for the regulator to consider the proposed rule change in order for the ETF to be listed on the Cboe BZX Exchange.
The exchange initially filed filing for registration for the ARK 21Shares Bitcoin ETF in July 2021, allowing the SEC to delay its decision and referendum by up to 180 days, with an option to postpone the final 60-day extension on 2/2.
After April 3, the SEC can no longer hesitate and must make a decision on approving or disapproving the ETF
US regulators have yet to approve ETFs with direct exposure to cryptocurrencies like Bitcoin, but green investment vehicles related to BTC futures for the first time in October 2021. .
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