In a notice on 26th Sep SEC has extended the deadline for its decision on ARK 21Shares’ spot Bitcoin exchange-traded fund (ETF) to January.
The SEC intends to take the maximum time allowed to consider the listing of ARK 21Shares’ investment vehicle on the Cboe BZX Exchange. This comes as the SEC also delays its decision on the Bitcoin ETF offering from GlobalX.
The reason for designating longer periods to decide the fate of these ETF applications ahead of their next deadlines is unclear. The final deadline for ARK 21Shares’ ETF is now set for January 10th, while GlobalX’s ETF deadline will fall on November 21st.
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