U.S. SEC delays decision on ARK 21Shares spot bitcoin ETF
— Woods, Bitcoin, York, Spot, Decision, Exchange, Delays, Washington, Trust, Trade — 1 min read
SEC delays decision on whether to allow bitcoin exchange-traded fund to list and trade on Cboe Global Markets. The delay follows a series of rejections this year by the market regulator on ETFs that track bitcoin, including proposals from Grayscale, Fidelity, and NYDIG. Decision delayed until Aug. 30, the SEC said on Tuesday, a stock-picker Cathie Wood's Arc Invest and crypto investment product firm 21Shares US had proposed to list the fund on CBOE Global Markets (CBOE.Z) The delay is expected to come to an end in the next few months, the regulator said on July 30, 2015. The SEC has declined to comment on the matter of whether or not the fund will list or trade. Source