SEC Delays Decision on ARK 21Shares Bitcoin ETF Filing
- Analysts had largely believed the SEC would delay on decision
- Bitcoin had originally rallied in wake of BlackRock filing
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The US Securities and Exchange Commission has not yet come to a decision on whether to approve the ARK 21Shares Bitcoin ETF application, delivering another delay for the long-awaited product.
The issuer had originally filed in April and regulators had until Aug. 13 to say whether they would approve, reject or delay on coming to a decision.