SEC extends deadline to decide ARK 21Shares Bitcoin ETF spot until January 2023
SEC extends deadline to decide ARK 21Shares Bitcoin ETF spot until January 2023
"Commission Reveals Appointment of Extended Time Period Within Which to Challenge Approving or Disapproving Order the proposed rule change," the SEC said.
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The United States Securities and Exchange Commission, or SEC, has extended its window to decide whether shares of ARK's Bitcoin exchange-traded fund 21Shares can be indexed on the Chicago Board Options Exchange BZX Exchange.
In a November 15 statement, the SEC issued word for a longer designation period for the application of ARK's Bitcoin ETF () 21Shares, originally filed with the federal regulator on May 13. The SEC twice extended its window to approve or disapprove of the crypto funding car in July with an extension and in August with a comment length.
"The Commission reveals that it is entirely appropriate to designate a longer period within which to make it difficult to make an order approving or disapproving of the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the SEC said. assistant secretary Sherry Haywood. "Accordingly, the Commission [...] designates January 27, 2023 as the date through which the Commission will approve or disapprove the proposed rule change."
Ark Invest initially partnered with European totally ETF company 21Shares to file a niche indexed Bitcoin ETF on the Cboe BZX Exchange in 2021, but the SEC in April. With the Nov. 15 statement, the federal regulator has effectively exhausted its ability to suspend a crypto ETF pick in accordance with modern SEC guidelines.
Related:
To date, the SEC has by no means cleared a niche crypto ETF in the US, but BTC futures-linked investment cars with a ProShares fund from October 2021. After having its usefulness dismissed, digital asset manager Grayscale sued the SEC, arguing its refusal to approve a BTC ETF that had become “arbitrary, capricious and diabolical”. scriminatory. Other companies that include VanEck have with the SEC for a spot crypto investment car.
"Commission Reveals Appointment of Extended Time Period Within Which to Challenge Approving or Disapproving Order the proposed rule change," the SEC said.
< /div >
News
The United States Securities and Exchange Commission, or SEC, has extended its window to decide whether shares of ARK's Bitcoin exchange-traded fund 21Shares can be indexed on the Chicago Board Options Exchange BZX Exchange.
In a November 15 statement, the SEC issued word for a longer designation period for the application of ARK's Bitcoin ETF () 21Shares, originally filed with the federal regulator on May 13. The SEC twice extended its window to approve or disapprove of the crypto funding car in July with an extension and in August with a comment length.
"The Commission reveals that it is entirely appropriate to designate a longer period within which to make it difficult to make an order approving or disapproving of the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein," the SEC said. assistant secretary Sherry Haywood. "Accordingly, the Commission [...] designates January 27, 2023 as the date through which the Commission will approve or disapprove the proposed rule change."
Ark Invest initially partnered with European totally ETF company 21Shares to file a niche indexed Bitcoin ETF on the Cboe BZX Exchange in 2021, but the SEC in April. With the Nov. 15 statement, the federal regulator has effectively exhausted its ability to suspend a crypto ETF pick in accordance with modern SEC guidelines.
Related:
To date, the SEC has by no means cleared a niche crypto ETF in the US, but BTC futures-linked investment cars with a ProShares fund from October 2021. After having its usefulness dismissed, digital asset manager Grayscale sued the SEC, arguing its refusal to approve a BTC ETF that had become “arbitrary, capricious and diabolical”. scriminatory. Other companies that include VanEck have with the SEC for a spot crypto investment car.
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