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SEC Rejects Ark 21Shares Spot Bitcoin ETF For Second Time

Tris Bell

Summary: The U.S. Securities and Exchange Commission (SEC) has rejected for a second time a proposal by Ark Investment Management and 21Shares to list a spot bitcoin exchange-traded fund (ETF), according to reports by CoinDesk. According to the SEC, the exchange that the ETF would be listed on had failed to pass regulatory requirements surrounding fraud ...

The U.S. Securities and Exchange Commission (SEC) has rejected for a second time a proposal by Ark Investment Management and 21Shares to list a spot bitcoin exchange-traded fund (ETF), according to reports by CoinDesk.

According to the SEC, the exchange that the ETF would be listed on had failed to pass regulatory requirements surrounding fraud prevention.

The SEC had rejected an earlier attempt by Ark and 21Shares to list a spot bitcoin EFT in the U.S. in April.

Author: Tris Bell

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