Yello Paradisers! The crypto world is buzzing with anticipation, but it seems we’ll have to wait a bit longer. The US Securities and Exchange Commission (SEC) has hit the pause button on the ARK 21Shares Bitcoin ETF spot listing.
📰 Why the delay?
The SEC wants to ensure they’ve dotted all their i’s and crossed their t’s. They’ve granted themselves an extra 60 days to mull over the proposed rule changes, especially those highlighted in Amendment No. 3. The goal? To make an informed decision that’s in the best interest of all stakeholders.
Mark your calendars, folks! The new D-day for the SEC’s verdict is January 10, 2024.
But that’s not all! The SEC is also playing the waiting game with the Global X ETFs application, originally set for an October 7 decision. Looks like they’re taking their time to ensure everything’s shipshape.
Stay tuned, Paradisers! We’ll keep you updated on all the latest twists and turns in the crypto universe. ParadiseTeam🌴
