Could the U.S. Securities and Exchange Commission (SEC) make the first deadline for the ARK Invest Bitcoin ETF filing happen sooner?
People are wondering about when the U.S. Securities and Exchange Commission (SEC) will decide on the ARK Invest Bitcoin ETF. Most experts think the SEC might delay the decision, but Bloomberg ETF analyst James Seyffart says they might move the deadline a day earlier. We’re not sure how the SEC’s decision could affect the Bitcoin price.
After the Ark Invest deadline, the U.S. SEC has set the first deadlines for Bitcoin ETFs in early September 2023. Big companies like Blackrock, VanEck, Wisdomtree, and Bitwise have their ETFs in line for consideration.
Could US SEC Move Up ARK Invest Bitcoin ETF Decisions?
Bloomberg analyst James Seyffart suggests that the decision about the Ark Invest ETF might come out sooner than expected. The original deadline is on August 13, which is a Sunday. Seyffart thinks the decision could arrive anytime after the market closes on Friday.
The next deadline for Bitcoin ETFs from the SEC is for ARK Invest on August 13. Seyffart predicts a delay and expects the decision to be announced by tomorrow after the market closes.
Another good chart from the report is this one: North America accounts for 98% of all the crypto ETF trading volume in the world. If/when spot ETFs come out in US this will likely go to like 99.5%. pic.twitter.com/nEF7dcaQu4
— Eric Balchunas (@EricBalchunas) August 10, 2023
A report about crypto ETFs revealed that almost all of the world’s trading volume for these ETFs, around 98%, happens in North America. This means that a lot of the trading and activity in the crypto ETF market is taking place in the United States and Canada.
This shows that financial companies based in the US are becoming more and more important in the world of crypto ETFs. They have a big role in how these investments are bought and sold.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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