It is possible that the SEC will push out the date at which it will make a final decision regarding whether or not to approve Bitcoin spot ETFs.
The founder of ARK Invest, Cathie Wood, is of the opinion that there will likely be a further delay in the launch of the anticipated spot Bitcoin ETF. It that will be issued by the business.
The United States Securities and Exchange Commission (SEC) will conclude its review period for the fund managed by ARK Invest on August 13.
Cathie Wood has stated that she anticipates numerous approvals to take place all at once in the event that the SEC decides to approve any Bitcoin spot ETFs. Cathie Wood made this statement in the event that the SEC does decide to approve any Bitcoin spot ETFs.
Among the eight applications currently under consideration by the regulatory body, the ARK Invest and 21 Shares Bitcoin ETF has taken the lead position.
There is a chance that the SEC will push back the date at which they will make a decision. This week, the Securities and Exchange Commission (SEC) will close the public comment period for a number of funds.
Gary Gensler, who is currently serving as the chairman of the Securities and Exchange Commission, has voiced his worries on the prevalence of fraud and manipulation inside the sector. Additionally, Grayscale has emphasized that any potential approval should encompass funds that previous rejections have excluded.
In light of the fact that the majority of the fund’s components would essentially remain unaltered. Cathie Wood has emphasized that the primary focus will be on marketing and communication.
