1 year ago
The committee gave itself an further 60 days to see the listing of ARK 21Shares’ concern conveyance connected the Cboe BZX Exchange, with a last deadline acceptable for Jan. 10.
The United States Securities and Exchange Commission (SEC) is taking the maximum clip allowed for the regulator to scope a determination connected a spot Bitcoin (BTC) exchange-traded fund, oregon ETF, offering from ARK 21Shares.
In a Sept. 26 notice, the SEC said it would designate a longer play connected whether to o.k. oregon disapprove of a projected regularisation alteration that would let ARK 21Shares’ spot BTC ETF connected the Cboe BZX Exchange. The commission’s erstwhile hold connected Aug. 11 gave the regulator until Nov. 11 to determine whether to approve, disapprove, oregon again defer connected a decision.
It’s unclear wherefore the SEC chose to designate a longer play to find the destiny of the spot Bitcoin ETF 45 days up of the deadline. The regulator has usually waited until a fewer days earlier immoderate deadline to record a delay. With the further 60 days to see ARK 21Shares’ offering, the SEC’s last deadline volition beryllium Jan. 10 — 240 days aft the exertion was filed successful May 2023.
“The Commission finds that it is due to designate a longer play wrong which to contented an bid approving oregon disapproving the projected regularisation alteration truthful that it has capable clip to see the projected regularisation alteration [...] and the issues raised therein,” said the SEC.
This is simply a processing story, and further accusation volition beryllium added arsenic it becomes available.
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