Investment firm Ark Invest, founded by Cathie Wood, and crypto investment product issuer 21Shares have applied for a spot Bitcoin ETF for the third time.
Ark Invest and 21Shares April 25 on to the US Securities and Exchange Commission (SEC) a third time in his application spot Bitcoin ETF requested an operating permit.
companies before in June 2021 And in May 2022 Even though similar applications have been made, the requests for operating permits are not processed by the SEC. had been rejected.
SEC many futures Bitcoin ETFs Even though it has granted an operating license for investors And the difficulty of protecting the public interest Besides the to fraud And black money with to the fight hosted against natural challenges citing reasons to spot Bitcoin ETF granting an operating license they don’t think had explained.
In this context, in the past spot Bitcoin ETF applicant Digital Currency Group And VanEck’s their applications were turned down. DCG’s application rejection of then to the SEC about the issue. had sued.
On the other hand, Bloomberg ETF analysts in February recommended by the SEC. to rule change pointing to new of the legislation spot Bitcoin ETF, if enacted rejection a reason for won’t stay stated. analysts, at the beginning of summer 2023 spot Bitcoin ETFs that you can start underlined.
Under SEC legislation, Bitcoin (BTC) and crypto investment advisors customer assets Only in qualified investment companies their storage to be made compulsory had suggested.