Latest Deadline in Bitcoin-ETF Race Looms as Analysts See Delay
- SEC to make decision on ARK 21Shares Bitcoin ETF application
- Odds of an ARK/21Shares approval this week are very low: BI
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The latest deadline in the race for a Bitcoin ETF approval is just around the corner, and many market-watchers expect fans to be disappointed if regulators punt on making a decision.
The US Securities and Exchange Commission is set to make a ruling on the ARK 21Shares Bitcoin ETF application by Sunday, Aug. 13, according to a tally kept by Bloomberg Intelligence, the latest in what could end up being a string of resolutions given the slew of other applicants trying for such a product.