Informative Insights

SEC Seeks Public Feedback After Pausing ARK Bitcoin ETF Application

SEC extends its review on ARK’s Bitcoin ETF, introducing a 21-day window for public commentary.

EFT uncertainty looms in the crypto sector once again as the U.S. Securities and Exchange Commission holds off on passing a verdict for ARK Investment Management’s proposed Bitcoin ETF, according to an August 11 filing:

The SEC’s earlier rejections point to concerns over ensuring investor safety and averting potential fraud. Yet, the Commission noted that a regulated Bitcoin market isn’t a strict precondition for sanction:

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