SEC Pushes Deadline for ARK 21Shares Spot Bitcoin ETF to January

THE commission gave himself A additional 60 days has consider THE SEO of ARK 21Shares' investment vehicle on THE Cboe BZX Exchange, with A final deadline together For Jan. 10.

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THE United States Securities And Exchange Commission (SECOND) East socket THE maximum time allowed For THE regulator has reach A decision on A place Bitcoin (BTC) exchange traded funds, Or ETFs, offer Since ARK 21Shares.

In A Seven. 26 notice, THE SECOND said he would be designate A longer period on if has approve Or to disapprove of of A propose ruler change that would be allow ARK 21Shares' place BTC ETFs on THE Cboe BZX Exchange. THE commissions previous delay on August. 11 gave THE regulator until Nov. 11 has decide if has approve, to disapprove of, Or Again postpone A decision.

"THE Commission find that he East appropriate has designate A longer period In which has issue A order approving Or disapproving THE propose ruler change SO that he has sufficient time has consider THE propose ruler change [...] And THE problems raised the bridle," said THE SEC.

THE delay came THE even day THE SECOND deferred A decision on THE Bitcoin ETFs offer Since funds director GlobalX. It is not clear Why THE commission selected has designate longer periods has determine THE fate of THE place Bitcoin ETFs apps weeks in front of their following time limit In October And November — THE regulator has generally expected until A little days Before any of them deadline has deposit A delay.

With THE additional 60 days has consider ARK 21Shares' offer, THE DRY final deadline For ARK 21Shares will be Jan. ten — 240 days After THE initial application was filed. THE following deadline For GlobalX ETFs will autumn on Nov. 21.