SEC Deliberation of ARK 21Shares Bitcoin ETF Moved to April 3

Time:2022-01-27 05:00 Source:Internet Copy share

The U.S. Securities and Exchange Commission will extend the deadline to approve or disapprove the ARK 21Shares Bitcoin ETF by another 60 days from Feb. 2 to April 3, according to a Tuesday filing with the U.S. Securities and Exchange Commission. SEC Assistant Secretary J. Matthew DeLesDernier noted in the filing that "it would be appropriate to designate a longer period" for regulators to consider the proposed rule change, allowing the ETF to be listed on the Cboe BZX exchange. The exchange initially filed its application for the ARK 21Shares Bitcoin ETF in July 2021, and the SEC was able to delay its decision and open the offering to public comment for up to 180 days, with an option for a final 60-day extension Feb. 2 day. After April 3, the SEC should not be able to extend the deliberation window any further and will approve or disapprove a crypto ETF. In a separate filing, the SEC also extended the window for a proposed rule change that would allow shares in an ETF tracking agricultural fund provider Teucrium’s bitcoin futures to be listed on NYSE Arca. The company filed for an investment offering in May 2021 and may receive a final SEC decision by April 8.

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