SEC delays Bitcoin ETF proposal, seeks public input
The SEC has postponed its decision on the Ark Invest & 21Shares Bitcoin ETF proposal as it’s soliciting feedback from the public . The recent actions of the Securities and Exchange Commission (SEC) towards the spot Bitcoin (BTC) ETF proposal by Ark Invest and 21Shares have garnered significant attention. Contrary to widespread anticipation, the SEC did not deliver a clear verdict – neither an approval nor a rejection. You might also like: What is Bitcoin ETF and which companies applied for it in the US? As revealed in their official documentation, the SEC has initiated “proceedings” to decide on the future of this Bitcoin ETF conclusively. The move follows several proposals the SEC has encountered in the past few months. Significantly, such initiation of proceedings doesn’t necessarily reveal the SEC’s stance on the matter. It merely underscores their commitment to a thorough examination, as the document emphasizes the absence of any fin...