The U.S. Securities and Exchange Commission (SEC) is opening the possible creation of ARK Invest’s spot market Bitcoin (BTC) exchange-traded funds (ETFs) to the public eye.
In a new document, the regulatory body is asking the public to submit their “written records, views and arguments” about a proposed rule change that would allow the Chicago Board Options Exchange (CBOE) to list and trade shares of ARK 21 stock in Bitcoin -ETF.
“The Commission shall commence proceedings under section 19(b)(2)(B) of the Act97 to determine whether to approve or disapprove the proposed rule change, as amended by amendment No. 3…
The Commission invites and encourages interested persons to comment on the proposed rule change, as amended by Amendment No. 3…
Interested persons are invited to submit written submissions, views and arguments on whether the proposed rule change, as amended by Amendment No. 3, should be approved or disapproved by [September 2nd]. Any person wishing to submit a rebuttal to another person’s entry must submit that rebuttal by [September 15th].”
In a recent interview with Bloomberg Television, Cathie Wood, CEO of ARK Invest, predicted that the SEC would postpone the August 13 deadline for approval of its BTC ETF. She also said that if the regulatory body were to approve a BTC ETF, it would give it the green light much at once.
“August 13 will come and go. I think if the SEC is going to approve a Bitcoin ETF, it will approve more than one at a time… Since most of these will be essentially the same, it will come down to marketing, getting the message across.”
Bitcoin is trading at $29,378 at the time of writing, a fractional drop over the past 24 hours.
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