{"id":583626,"date":"2023-08-11T18:46:58","date_gmt":"2023-08-11T17:46:58","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=583626"},"modified":"2023-08-11T18:47:06","modified_gmt":"2023-08-11T17:47:06","slug":"pretty-standard-ark-21shares-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/pretty-standard-ark-21shares-bitcoin-etf\/","title":{"rendered":"\u201cPretty Standard\u201d Experts Say About ARK 21Shares Bitcoin ETF Decision"},"content":{"rendered":"\n<ul><li>The SEC requested fresh written commentary and opinions on a proposed rule change to allow issuers to list a Bitcoin spot ETF.<\/li><li>Blackrock, Fidelity, and other wall street punters await the Commission&#8217;s decision on their own ETF filings.<\/li><li>Ark Invest CEO Cathie Wood predicted the delay on Bloomberg TV, adding hinting at simultaneous approvals in the future.<\/li><li>Bitcoin&#8217;s price hardly reacted to the news of a delay.<\/li><\/ul>\n\n\n\n<p>The U.S. Securities and Exchange Commission (SEC) is inviting new public commentary on the Ark 21Shares Bitcoin ETF application, delaying a decision on the filing as expected by ARK Invest CEO Cathie Wood. <\/p>\n\n\n\n<p>By standard procedure, the SEC has 240 days to deliver a final decision on an application after initiating the review process. <\/p>\n\n\n\n<p>Stakeholders who are interested in contributing to the discourse were urged to submit &#8220;written data, views, and arguments&#8221; within a 21-day timeframe. Back in June, the regulatory authority laid out its intent to &#8220;approve or disapprove, or institute proceedings to determine whether to disapprove&#8221; the application by the stipulated date of August 13.<\/p>\n\n\n\n<p>&#8220;Pretty Standard,&#8221; Bloomberg&#8217;s Eric Balchunas said regarding the SEC&#8217;s request for public input on the proposed rule change.  <\/p>\n\n\n\n<p>ARK Invest CEO Cathi Wood foresaw the delay, per an interview. &#8220;I think the SEC, if it&#8217;s going to approve a bitcoin ETF, will approve more than one at once.&#8221; Wood <a href=\"https:\/\/www.bloomberg.com\/news\/videos\/2023-08-07\/wood-sec-could-approve-more-than-one-bitcoin-etf-video\" data-type=\"URL\" data-id=\"https:\/\/www.bloomberg.com\/news\/videos\/2023-08-07\/wood-sec-could-approve-more-than-one-bitcoin-etf-video\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">added<\/a> predicting simultaneous approvals from the SEC in the future. <\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img width=\"1024\" height=\"412\" src=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-1024x412.png\" alt=\"\" class=\"wp-image-583630\" srcset=\"https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-1024x412.png 1024w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-300x121.png 300w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-770x310.png 770w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-1536x618.png 1536w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-269x108.png 269w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-746x300.png 746w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58-1376x554.png 1376w, https:\/\/en.ethereumworldnews.com\/wp-content\/uploads\/2023\/08\/BTCUSDT_2023-08-11_18-43-58.png 1883w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" title=\"\"><figcaption><strong><a href=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" target=\"_blank\" data-type=\"URL\" data-id=\"https:\/\/www.tradingview.com\/symbols\/BTCUSDT\/\" rel=\"noreferrer noopener\">BTC\/USDT by TradingView<\/a><\/strong><\/figcaption><\/figure>\n\n\n\n<h2>8 Bitcoin ETFs In-Play<\/h2>\n\n\n\n<p>The SEC has received eight Bitcoin ETF applications including filings from BlackRock and Fidelity. Issuers seem in a <a href=\"https:\/\/en.ethereumworldnews.com\/sec-assess-valkyries-spot-bitcoin-etf\/\" data-type=\"URL\" data-id=\"https:\/\/en.ethereumworldnews.com\/sec-assess-valkyries-spot-bitcoin-etf\/\" target=\"_blank\" rel=\"noreferrer noopener\">race<\/a> to clinch the inaugural Bitcoin ETF, a product that would allow a swathe of American investors access to Bitcoin without actually holding the cryptocurrency. <\/p>\n\n\n\n<p>BlackRock CEO <a href=\"https:\/\/www.cnbc.com\/2023\/07\/14\/blackrock-has-a-responsibility-to-democratize-investing-including-in-crypto-larry-fink-says.html\" data-type=\"URL\" data-id=\"https:\/\/www.cnbc.com\/2023\/07\/14\/blackrock-has-a-responsibility-to-democratize-investing-including-in-crypto-larry-fink-says.html\" target=\"_blank\" rel=\"noreferrer noopener\">Larry Fink<\/a> opined that approval is a matter of when, not if, hinting at the approval of his firm&#8217;s submission in four to six months.<\/p>\n\n\n\n<p>Historically, the SEC has denied Bitcoin ETF applications on the grounds of market manipulation and inadequate surveillance. The prevailing rebuttal points to the approval of Bitcoin Futures ETFs, a similar product.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The SEC requested fresh written commentary and opinions on a proposed rule change to allow issuers to list a Bitcoin spot ETF. Blackrock, Fidelity, and other wall street punters await the Commission&#8217;s decision on their own ETF filings. Ark Invest CEO Cathie Wood predicted the delay on Bloomberg TV, adding hinting at simultaneous approvals in the future. Bitcoin&#8217;s price hardly reacted to the news of a delay. The U.S. Securities and Exchange Commission (SEC) is inviting new public commentary on [&hellip;]<\/p>\n","protected":false},"author":55,"featured_media":581065,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[800,17,2],"tags":[7557,108421,7312,108449,5530,108983],"_links":{"self":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583626"}],"collection":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/users\/55"}],"replies":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/comments?post=583626"}],"version-history":[{"count":3,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583626\/revisions"}],"predecessor-version":[{"id":583631,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/posts\/583626\/revisions\/583631"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media\/581065"}],"wp:attachment":[{"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/media?parent=583626"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/categories?post=583626"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/en.ethereumworldnews.com\/wp-json\/wp\/v2\/tags?post=583626"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}