U.S. SEC Delays Decision on ARK 21Shares Spot Bitcoin ETF

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The U.S. Securities and Exchange Commission postponed its decision on Tuesday

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regarding whether to approve the listing and trading of a spot bitcoin exchange-traded fund by stock analyst

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Cathie Wood's Arc Invest and the cryptocurrency investment product company 21Shares US on Cboe Global Markets until August 30.

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The delay comes after the market regulator rejected several proposals for ETFs that track bitcoin this year

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including those from Grayscale, Fidelity, and NYDIG.

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The United States Securities and Exchange Commission has pushed the deadline to approve or disapprove ARK 21Shares’ Bitcoin exchange-traded fund to August 30.

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the regulatory body extended the deadline for approving or disapproving the ARK 21Shares spot Bitcoin (BTC) ETF from July 16 for an additional 45 days

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