SEC Again Delays Decision on Ark’s Bitcoin ETF Filing - Decrypt
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SEC Again Delays Decision on Ark’s Bitcoin ETF Filing
The SEC made the call this week, even though it wasn't required to issue a decision until November 11. The US Securities and Exchange Commission (SEC) has again delayed approval for a set of Bitcoin spot ETF applications that have accumulated in
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The US Securities and Exchange Commission (SEC) has once again delayed its decision on approving Bitcoin spot ETF applications, including those from Ark and GlobalX. The SEC was not required to issue a decision until November 11, but it has set a final deadline of January 10, 2024, for approving or denying Ark's application. This is the latest in a series of delays, with rival firm BlackRock's deadline currently set for October 17. The SEC's decision on Bitcoin ETFs is highly anticipated by the cryptocurrency industry, as it could open up new investment opportunities.
Top Highlights
- SEC Again Delays Decision on Ark’s Bitcoin ETF Filing The SEC made the call this week, even though it wasn't required to issue a decision until November 11.
- The US Securities and Exchange Commission (SEC) has again delayed approval for a set of Bitcoin spot ETF applications that have accumulated in its inbox. One is GlobalX’s ETF application, for which a response was due from the agency on October 7 after the ETF provider joined the race later than competitors. However, it also delayed approval for th...
- “The Commission designates January 10, 2024, as the date by which the Commission shall either approve or disapprove the proposed rule change,” wrote the SEC in a Tuesday filing. This marks the absolute final deadline by which the agency must either approve or deny Ark’s application
- The SEC last delayed Ark’s application in August, followed by a slew of other delays on applications from rival firms that were due in early September. BlackRock—the most prominent among the competitors—has its next deadline slated for October 17, which may be delayed again.
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