SEC Delays Decision Date of ‘ARK 21Shares’ Spot Bitcoin ETF

The US Securities and Exchange Commission (SEC) has delayed the decision date for the ARK 21Shares spot Bitcoin (BTC) exchange-traded fund (ETF).

In a statement published on November 15, the SEC announced that ARK Invest, founded by famous US investor Cathie Wood, and European ETF issuer 21Shares. jointly to market planned spot Bitcoin ETF decision date postponed to January 27 announced.

SEC official Sherry Haywood to decide need more time made statements about it.

ARK 21Shares spot Bitcoin ETFApplication has been made before. The SEC’s approx. 6 months ago he refused this request. However, companies again in a new application had been found.

ARK 21Shares Bitcoin ETFinvestment purpose, according to the latest filing reports of S&P Bitcoin trying to monitor Bitcoin’s performance in line with the performance of its index. In addition, the ETF uses Bitcoin to achieve its investment goal. will hold and shares daily by index will evaluate.

The long-awaited spot Bitcoin ETF SEC never approves. The institution, which is on the case with Grayscale on this issue, has never taken a step back. However, according to some analysts, the SEC spot Bitcoin ETF next year can give approval.

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