SEC pushes deadline for ARK 21Shares spot Bitcoin ETF to January

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SEC pushes deadline for ARK 21Shares spot Bitcoin ETF to January © Alpha Footage

The United States Securities and Exchange Commission (SEC) is taking the maximum time allowed for the regulator to reach a decision on a spot (BTC) exchange-traded fund, or ETF, offering from ARK 21Shares.

In a Sept. 26 notice, the SEC said it would designate a longer period on whether to approve or disapprove of a proposed rule change that would allow ARK 21Shares’ spot BTC ETF on the Cboe BZX Exchange. The commission’s previous delay on Aug. 11 gave the regulator until Nov. 11 to decide whether to approve, disapprove, or again defer a decision.

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