U.S. SEC delays decision on ARK 21Shares spot bitcoin ETF to Jan. 27

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Updated: Nov 15, 2022, 20:21 GMT+00:00

NEW YORK (Reuters) - The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood's Ark Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Jan. 27.

The seal of the U.S. Securities and Exchange Commission

NEW YORK (Reuters) – The U.S. Securities and Exchange Commission on Tuesday delayed a decision on whether to allow a spot bitcoin exchange-traded fund by stock-picker Cathie Wood’s Ark Invest and crypto investment product firm 21Shares US to list and trade on Cboe Global Markets until Jan. 27.

The delayed decision on the ARK 21Shares Bitcoin ETF follows a series of rejections this year by the market regulator on ETFs that track bitcoin, including proposals from Grayscale, Fidelity, and NYDIG.

(Reporting by John McCrank; editing by Jonathan Oatis)

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