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ARK and 21Shares make another attempt at a bitcoin etf approval

ARK INvest and 21Shares are making another attempt to get their collaborative bitcoin exchange-traded fund through the Securities and Exchange Commission (SEC). Cboe BZX Exchange has filed a rule change proposal to list the ARK 21Shares Bitcoin ETF, putting the SEC on the clock for another decision. Cboe filed the proposed rule change on May 13 of this year and the document was published to the federal register yesterday, meaning a decision or extension can be expected around July 9. …

SEC shoots down Ark 21Shares in latest spot bitcoin ETF rejection

The ARK Investments and 21Shares collaborative spot bitcoin exchange-traded fund (ETF) has reached the end of the line with a rejection order from the Securities and Exchange Commission (SEC). The firms proposed the ARK 21Shares Bitcoin ETF, a joint submission that set 21Shares as the sponsor of the trust and ARK as the lead in marketing the shares. The firms first filed in June of 2021. Cboe BZX Exchange subsequently filed a rule change to list the product, putting the …