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SEC Delays Bitcoin Spot ETF Decision

The U.S. Securities and Exchange Commission (SEC) announced today, August 11, its decision to extend the deadline for deciding whether to approve or deny the application to launch the spot bitcoin exchange-traded fund (ETF ) ARC. 21Shares to extend.

“The Commission has set a longer period” to make its final judgment on the matter. reported the SEC itself.

Earlier this week, Cathie Wood, CEO of Ark Investment Management (the responsible money manager that launched such an ETF alongside 21Shares), said said to the press that expects a delay in review and expects the SEC to approve multiple filings at once.

The application for the Ark 21Shares ETF was submitted earlier this year for the second time after being previously rejected.

In the meantime, SEC continues to review wave of Bitcoin ETF applications You recently received. According to CriptoNoticias, there are more than a dozen requests related to Bitcoin and Ether (ETH).

Among them are big money managers like BlackRock and Fidelity, which have raised expectations that the SEC will approve a spot Bitcoin ETF for the first time. In the past, the panel has denied all requests made in this regard, and the fact that it extended the review of Ark 21Shares feeds that narrative.

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