The US Securities and Exchange Commission (SEC) has decided to postpone the application of two different spot Bitcoin (BTC) exchange traded funds (ETF).
SEC, joint venture of both Ark Invest and 21Shares “ARK 21Shares” spot Bitcoin ETF application as well as Global X Bitcoin Trust ETF He postponed his decision for the second time. ARK 21Shares spot Bitcoin ETF decision January 10, 2024 date, the Global X Bitcoin Trust ETF decision was 21 November 2023 postponed to date.
by the regulatory body Tuesday, September 26 In order for adequate evaluation to be made in a decision made on the extra time required highlighted:
The Commission determined that more time was needed to make a clear decision on whether to approve the proposed rule change.
Ark Invest and 21Shares’ spot Bitcoin ETF application was recently announced. rejected 2 times SEC, last August He stated that he decided to extend the deadline by requesting further investigation in 2018. Making a statement at the time Ark Invest CEO Cathie Woodsays it expects such a postponement and if the SEC will accept ETF applications There will probably be mass approval he had suggested.
Upcoming ETF decision dates
The SEC, which has not yet approved any spot Bitcoin ETFs, currently BlackRock, Fidelity, WisdomTree, Bitwise, Invesco And VanEck like trillion dollar companies continues to review spot applications.
Regulatory body;
- on October 16 Bitwise spot Bitcoin ETF application
- on October 17 Applications from BlackRock, Fidelity, VanEck, WisdomTree, Invesco
- Valkyrie on October 19 for positive-negative or will be postponed He needs to make a decision about.
SEC Chairman Gary Gensler Today In the document shared with the public before his testimony before the committee, The idea that most cryptocurrencies are securities in line with didn’t step back was seen. In this regard, it is thought that there is still no progress in Gensler’s attitude towards cryptocurrencies and spot Bitcoin ETFs.