The US Securities and Exchange Commission’s (SEC) early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community about what this move might mean for the potential launch of any Spot Bitcoin ETF this year. No Spot Bitcoin ETF This Year? In a tweet shared on his X (formerly Twitter) platform, Bloomberg Analyst James Seyffart questioned the SEC’s latest decision and whether or not it “may put the hammer down for any hopes of an ETF approval this year.” He further quizzed whether this means we could see an imminent delay on some other Spot Bitcoin ETF applications with a deadline in October. Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1 On September 26, the SEC extended the time to decide on Cathie Wood’s ARK Invest ETF application until January 10, 2024 ( the final deadline). However, it is worrisome that the Commission had until November 11 (about 46 days to go) before making this decision but chose to do it this early. The SEC has usually made such a decision j ..
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