The US Securities and Exchange Commission (SEC) has reportedly postponed its decision on Ark Investment Management’s (ARK) spot bitcoin ETF application, which was originally set to be announced by 13 August as it has decided to gather public opinions before reaching a decision. The SEC has previously turned down numerous spot bitcoin ETF applications due to concerns about potential fraud and market manipulation. ARK and 21Shares US LLC first sought approval for a spot bitcoin ETF in 2021. Notably, BlackRock, the world’s largest asset manager, submitted a bitcoin ETF application in June.
Source: https://www.reuters.com
