SEC delays decision on ARK Invest Bitcoin ETF
The SEC has delayed its decision on the ARK 21Shares Bitcoin ETF decision to early 2024. Also delayed is the Global X Bitcoin Trust application. Analysts expect the regulator to delay other proposals amid the likelihood of a US government shutdown. The Securities and Exchange Commission ( SEC ) has yet again delay ed a decision on the ARK 21Shares Bitcoin ETF application, pushing this to early 2024. The SEC also delay ed the Global X Bitcoin Trust application to November 21. News of the delays has elicited various reactions from the crypto industry, with many observing that the regulator will now likely delay all the other applications to next year. Bloomberg ETF analyst James Seyffart shared news of the SEC’s decision on X. UPDATE: Wow. The SEC just came out SUPER early and delay ed the @ARKInvest / @21Shares # Bitcoin ETF filing. This thing wasn't due for a decision until Nov 11. Also delaying the @GlobalXETFs application which was due Oct 7...