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Stock Market News

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

07/13/2022

Less than a minute

2022.07.13 03:16

Budrigannews.com – 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 (NYSE:CBOE) 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.

07/13/2022

Less than a minute