Claim $500Bloomberg Analyst: US SEC Could Prepone Ark Bitcoin ETF Deadline
Crypto News: Questions have been raised about the timing of the upcoming U.S. Securities and Exchange Commission (SEC) deadline the for ARK Invest Bitcoin ETF. While analysts expect with high probability that the US SEC could only further delay any action on the Ark Bitcoin ETF filing, the deadline is likely to be preponed by a day, according to Bloomberg ETF analyst James Seyffart. It remains to be seen if the SEC actions before the deadline could impact Bitcoin price in a major way.
Also Read: XRP Advocate Deaton Challenges SEC’s Ripple Verdict Appeal Igniting Legal Debate
Following the Ark Invest deadline, the US SEC has the first deadlines lined up in the first week of September 2023 for Bitcoin ETFs for the likes of Blackrock, VanEck, Wisdomtree and Bitwise.
US SEC To Prepone Actions On ARK Invest Bitcoin ETF?
According to Bloomberg analyst James Seyffart, the Ark Invest ETF decision could be out any time after August 11, 2023, two days in advance of the original deadline. This is because the scheduled deadline August 13 falls on Sunday. Hence, Seyffart believes that a decision could be out anytime after Friday post-market close.
“The next SEC deadline for Bitcoin ETFs is ARK Invest’s on 8/13. That’s a Sunday so we should see a decision by tomorrow. My bet is after market close tomorrow. We are fully expecting a DELAY.”
Meanwhile, a report on crypto ETFs showed that North America amounts to 98% of all the crypto ETF trading volume in the world. This shows the growing influence of US based financial companies on the crypto ETF space.
Also Read: Binance CEO Acknowledges Fireblocks’ Report On Crypto Vulnerabilities
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- January Fed Rate Cut Odds Fall to New Lows After Strong U.S. Q3 GDP Report
- Breaking: U.S. GDP Rises To 4.3% In Q3, BTC Price Climbs
- Breaking: Bank of Russia Proposes Allowing Investors to Buy Bitcoin and Crypto in Major Regulatory Shift
- Crypto ETF Issuer 21Shares Advances Dogecoin ETF Bid with Amended S-1 Filing
- Bitcoin Crash Risk Mounts As Peter Brandt Points to 80% Declines in Every Major Cycle
- Solana Price Outlook: Will SOL Recover With Strong Institutional Buying?
- Ethereum Price Risks Crash to $2,500 Amid Sustained Wintermute Dumping
- Is It Time to Sell Bitcoin for Gold- Analyst Spots 2023 Pattern That Triggered BTC’s Last Major Rally
- Bitcoin Price Prediction and Analysis: Will BTC Hit $100k Before Year-End?
- Bitcoin Price Prediction As Michael Saylor Pauses BTC Purchase- Is A Fall to $74k Imminent?
- Aster launched Phase 5 Buyback Program Allocating 80% Fees. Will ASTER Price Rally?
