The SEC has until January 2024 to determine its final decision on the ARK 21Shares Bitcoin ETF filing.
The US Securities and Exchange Commission has pushed its decision on two spot Bitcoin ETF applications by ARK Invest and 21Shares and Global X, with the former postponed to January 2024.
Amid various calls for a spot Bitcoin ETF in the United States, there are speculations that there could be more SEC delays for similar filings from other companies, which could mean that investors and stakeholders may have to wait till next year to get such a product approved.published on Sept.
The latest extension date gives the SEC a total of 240 days, the maximum time frame allowed for the regulator to either approve or deny an application. Also, the agencyBloomberg ETF analyst James Seyffart noted that the SEC’s extensions of its verdict on the proposals from ARK Invest and 21Shares, and Global X happened
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