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SEC pushes spot Bitcoin ETF decision to 2024

From kitco.com

It looks as though the first spot Bitcoin (BTC) exchange-traded fund (ETF) won’t launch until 2024 at the earliest as the Securities and Exchange Commission (SEC) has announced a delay in its ruling on the ARK 21Shares Bitcoin ETF application until January. According to a notice filed by the regulator on Tuesday, as outlined in the Securities Exchange Act of 1934, the Commission is required to issue an order approving or disapproving a proposed rule change no later than 180 days after the state of filing. They have the option to “extend the period for issuing an order approving or disapproving the rule change by not ... (full story)

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  • Category: Fundamental Analysis