The U.S. Securities and Exchange Commission extended its review of the Ark 21Shares bitcoin exchange-traded fund application.
The SEC published an order calling for public input on the Ark 21Shares Bitcoin ETF application, a standard move that pushes any decision by another several weeks. The SEC has a total of 240 days to make a final decision on an application after it starts reviewing one. The SEC is giving the general public three weeks to weigh in on the proposal itself, and an additional five weeks to respond to those initial slate of comments.
Cathie Wood, Ark Invest's CEO, said on Monday that she expected a delay in a decision on her firm's application, but that the SEC will ultimately approve several applications simultaneously.
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