The SEC ruled on the application for registration of a spot bitcoin ETF from Ark Invest and 21Shares
Date: 2023-08-11 Author: Karina Ziganova Categories: BLOCKCHAIN, IN WORLD
The U.S. Securities and Exchange Commission (SEC) has issued a decision regarding an application for registration of a joint spot bitcoin ETF from Ark Invest and 21Shares. Her consideration was once again postponed.
According to the published document, the deadline for the case has been extended until November 2023. The regulator also requested written comments from stakeholders and independent experts.
Ark Invest and 21Shares re-applied to register a spot Bitcoin ETF at the end of April 2023. Theoretically, this makes them the leader in the race to issue an exchange-traded fund, as confirmed by one of the companies.
At the end of June, the parties amended the application by adding a clause on the SSA agreement. Recall that this transaction provides for the exchange of information between its participants, including clearing information.
In mid-July, the SEC officially launched the filing process. The regulator has a total of 240 days to approve or block them.
The head of Ark Invest, Cathy Wood, in turn, believes that the commission will still give its consent, and for several products at once. Analysts at Matrixport share the same opinion.
