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The post The SEC extends the review period for the ARK Invest Bitcoin ETF application! appeared first on Coinpedia Fintech News
The US Securities and Exchange Commission (SEC) has extended the review period for ARK Invest’s spot Bitcoin exchange-traded fund (ETF) application. The SEC now has until January 2022 to approve or deny the application, which was filed by ARK Invest in June. Spot Bitcoin ETFs hold the underlying asset and track the price of Bitcoin directly. The SEC has yet to approve a spot Bitcoin ETF due to concerns over market manipulation and investor protections. Several other companies have also filed applications for similar ETFs, including VanEck, Fidelity, and WisdomTree.
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