Ark 21Shares Bitcoin ETF: A Waiting Game as SEC Delays Decision
It's a waiting game for the Ark 21Shares Bitcoin ETF as the SEC has published an order to call for public input on the application. This standard procedure extends the decision-making process by several more weeks, adding to the anticipation.
The SEC's regulations allow up to 240 days for a final decision after initiating a review of an application. The current order grants the general public three weeks to share their thoughts on the proposal. Following this, an extra five weeks is allowed for responses to the initial comments.
This delay is part of a broader context, as the SEC is actively reviewing over a dozen spot bitcoin and ether future ETF applications. It's a critical time for crypto investments, and the world is watching closely to see how the SEC will shape the future of this burgeoning market.
In otherwards, we still got some time - BUT time is running out, so get to at least one bitcoin sooner and not later! 🧐💜
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