U.S. SEC delays decision on ARK 21Shares spot bitcoin ETF

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Updated: Jul 12, 2022, 18:53 UTC

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood's Arc Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Aug. 30.

People exit the headquarters of the U.S. Securities and Exchange Commission (SEC) in Washington, D.C.

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood’s Arc Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Aug. 30.

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.

(Reporting by John McCrank; Editing by Chris Reese)

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