In a filing dated Sept. 26, the U.S. Securities and Exchange Commission (SEC) deferred its decision on a major spot Bitcoin exchange-traded fund (ETF), causing further delay to the final verdict on the ARK 21Shares Bitcoin ETF.
This filing recognized that the Cboe BZX had earlier proposed a rule change, aiming for the approval and listing of the ARK 21Shares Bitcoin ETF.
Though Cboe BZX submitted the filing on April 25, 2023, the proposal was not published for comment in the Federal Register until May 15. The SEC then designated a longer approval period on June 15, 2023, extending the date by which it was required to issue an approval, issue a rejection, or start proceedings that will determine whether to issue a rejection. Cboe BZX also submitted amendments on three dates.
The SEC was expected to approve or reject the proposal within 180 days of publication of the proposed rule, or by Nov. 11, 2023. However, the securities regulator said in its current filing that it is allowed to ext
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