The United States Securities and Exchange Commission has extended its deadline to approve the ARK 21 Shares exchange-traded fund, initially proposed in July 2021.
According to a Tuesday filing from the SEC, the regulator will delay the deadline to approve or reject the ARK 21Shares Bitcoin ETF from February 2 for an additional 60 days, to April 3. SEC Deputy Secretary J. Matthew DeLesDernier noted in the filing that it was “appropriate to designate a longer period” for the regulator to consider the proposed rule change allowing the ETF to trade on the Cboe BZX exchange.
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The exchange originally filed documents to apply for the ARK 21Shares Bitcoin ETF in July 2021, and the SEC may delay its decision and open the offering to public comment for up to 180 days, with the option of a final 60-day extension from now on. of February 2. After April 3, the SEC should not be able to extend the deliberation window any further and will either approve or reject the ETF application.
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