NewsletterBreaking: US SEC Delays ARK Bitcoin ETF Decision
Crypto News: Amid much anticipation in the lead up to the deadline, the U.S. Securities and Exchange Commission (SEC) on Friday published a notice that invites comments on the proposal to list the Ark Spot Bitcoin ETF. The agency published the notice to solicit comments on the proposed rule change to list and trade shares of the ARK 21Shares Bitcoin ETF. Interested persons are invited to publish their comments on the proposal and the motive of this exercise is to determine whether to approve or disapprove the proposed rule change.
Also Read: Terra Luna Classic Proposal Is A “Make Or Break Moment”, How LUNC Price Will React
In a similar window, the US SEC had in July 2023 opened a comment period for investors, traders and general public to submit their views on the Bitcoin ETF filings. In the last two months, the crypto market has been buoyant on the spot ETF filings from major asset managers like Blackrock and Fidelity.
US SEC Delays Decision On Spot ETFs
Essentially, the US SEC has delayed its decision on whether or not to allow the ETF, by citing the public comment window. However, the delay came in on expected lines. Originally, the first deadline for the Ark Invest filing was August 13, 2023, which falls on Sunday. Earlier, CoinGape reported analyst prediction that the Commission could prepone the decision, or any alternate action on the Ark Invest filing.
“The Commission requests that interested persons provide written submissions of their views, data, and arguments (on the proposed listing).”
On the other side, the agency also warned that the proceedings on seeking comments from public in no way indicate that it has reached any conclusions with respect to any of the issues involved with the proposal.
Also Read: US SEC Sees Seeking Compliance As Violation, Says XRP Attorney Deaton & Coinbase CLO
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
- Harvard University Stacking More Bitcoin Over Gold, Bitwise CIO Matt Hougan Reveals
- Coinbase Returns to India After 2-Year Exit, Plans 2026 Launch of Fiat Services
- Binance Sets Foothold in Abu Dhabi with ADGM Global License, BNB Bounces
- Upbit Hack: Team Freezes $1.77M in Stolen Assets Amid Ongoing Investigation
- Crypto Lawyer Bill Morgan Praises Ripple’s Multi-Chain Strategy as RLUSD Hits $1.1B
- Ethereum Price Holds $3,000 as Bitmine Scoops Up $199M in ETH; What Next?
- Solana Price Outlook Strengthens as Spot ETFs See $15.68M in Fresh Inflows
- Dogecoin Price Gears Up for a $0.20 Breakout as Inverse H&S Takes Shape
- Bitcoin Price Forecast as BlackRock Sends $125M in BTC to Coinbase — Is a Crash Inevitable?
- XRP Price Prediction As Spot ETF Inflows Near $1 Billion: What’s Next?
- Solana Price Outlook: Reversal at Key Support Could Lead to $150 Target
