Cathie Wood’s ARK Investment Management and Switzerland-based investment-products issuer 21Shares are taking another try at getting their spot bitcoin exchange-traded fund (ETF) approved by the U.S. Securities and Exchange Commission.
-
The SEC rejected an application for the ARK 21Shares Bitcoin ETF in April, citing a lack of investor protections.
-
A new filing was made May 13 by Cboe BZX Exchange.
-
The SEC said in a filing that it is soliciting comments with respect to the new application.
-
The SEC has yet to approve any spot bitcoin ETFs. It has either rejected or delayed those requests, while allowing funds that trade bitcoin futures.
-
In its filing, Cboe said it believed it “represents a regulated market of significant size” and that the proposal should be approved, according to the May 25 filing.
Read more: Valkyrie’s Bitcoin Futures ETF Gets SEC Approval, Following Teucrium Nod
Read more about
ETFsRegulatorsSECARK Invest21SharesETP
The Festival for the Decentralized World
Thursday – Sunday, June 9-12, 2022
Austin, Texas
Save a Seat Now
BTC$29,381.37
0.76%
ETH$1,859.35
5.13%
BNB$312.50
4.37%
XRP$0.393746
2.05%
SOL$44.98
6.46%
View All Prices
Sign up for Market Wrap, our daily newsletter explaining what happened today in crypto markets – and why.