SEC Rejects Ark 21 Shares Spot Bitcoin ETF

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The SEC has denied Ark 21Shares filing to create a spot bitcoin ETF stating there was a lack of investor protection. This is not surprising as the SEC have been rejecting and delaying filings for multiple spot bitcoin ETFs.

ETF Newz Says:

Ark Investment Management and the firm 21Shares had teamed up to launch the product last July. The initial application was delayed multiple times. The SEC chair Gary Gensler has stated his preference towards bitcoin futures ETFs.


Maintain Your Horses! A Space Bitcoin ETF May perhaps well also Already Be Priced into Crypto.

There is a growing belief that the recent price surge in bitcoin could already factor in the potential approval of a spot Bitcoin ETF- a pivotal strategic investment move that holds significant influence in the crypto market. Investors and financial enthusiasts alike are keenly awaiting regulatory approval, a decision that could potentially catalyze the future growth trajectory of bitcoin prices. This speculation underscores not only the potential value that bitcoin holds as a digital asset but also the evolving role of institutional reactiveness in the cryptocurrency landscape.

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