Crypto News: SEC Invites Comments on Ark Spot Bitcoin ETF Listing
The U.S. Securities and Exchange Commission (SEC) has published a notice inviting comments on the proposed listing of the Ark Spot Bitcoin ETF. This is part of the agency’s process to determine whether to approve or disapprove the rule change. The SEC has also delayed its decision on the ETF, citing the need for public comments.
Key Points:
- SEC invites comments on the proposed listing of the Ark Spot Bitcoin ETF
- Comments will help the agency decide whether to approve or disapprove the rule change
- SEC has delayed its decision on the ETF, using the public comment window as the reason
- Deadline for the Ark Invest filing was originally August 13, 2023
- The agency warns that seeking public comments does not indicate any conclusions have been reached
Hot Take:
The SEC’s invitation for public comments on the Ark Spot Bitcoin ETF listing shows that the agency is taking a measured approach to its decision-making process. By allowing interested persons to submit their views, data, and arguments, the SEC is ensuring that it considers a wide range of perspectives before making a final determination. This is a positive step towards transparency and inclusivity in the regulation of cryptocurrencies.
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