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SEC Delays Decision on Cathie Wood’s ARK 21Shares Bitcoin ETF

The regulatory body will now give an answer to the ETF application on August 30.

In a Tuesday notice, the SEC said the ARK 21Shares ETF would get an answer on August 30. “The Commission finds that it is appropriate to designate a longer period within which to take action on the proposed rule change so that it has sufficient time to consider the proposed rule change and the issues raised therein,” the notice said.

But it has approved futures Bitcoin ETF products, which trade shares that represent contracts betting on the future price of Bitcoin. Futures, options, and other derivatives trade on exchanges such as CME, which are regulated by the Commodity Futures Trading Commission

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