Tag: Application

SEC Delays ARK Invest And 21 Shares Spot Bitcoin ETF Application

coiner

Friday morning, the Securities and Exchange Commission (SEC) solicited comments on 21 Shares and Cathie Wood’s ARK Invest’s spot Bitcoin exchange-traded fund (ETF) application, further delaying the process. This is the second delay in the listing process for this ETF, with the first delay happening earlier this year. The third deadline for the SEC’s decision is scheduled for later this year for November 11. If the SEC delays the application again, it will go to its fourth and final deadline on January 10, 2024.  The race for approval for a spot Bitcoin…

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BlackRock Nears Filing Bitcoin ETF Application, Leveraging Coinbase Custody

coiner

BlackRock, the worlds largest asset manager, is reportedly on the brink of submitting an application for a Bitcoin ETF (exchange-traded fund), as disclosed by a reliable source familiar with the matter.  In their pursuit of a Bitcoin ETF, BlackRock has chosen Coinbase Custody as their trusted custodial solution. Moreover, the asset manager will rely on Coinbase’s spot market data to ensure accurate and reliable pricing for the ETF. Coinbase and BlackRock have so far refrained from providing any official comments on the matter. While the specifics of the upcoming ETF…

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