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SEC Delays Decision on Bitcoin-Related ETFs From Ark 21 Shares, Teucrium
Investment firms are still trying to get bitcoin ETFs approved by the U.S. regulator.
Updated May 11, 2023, 7:14 p.m. Published Jan 26, 2022, 4:42 p.m.
The U.S. Securities and Exchange Commission (SEC) has again delayed decisions on whether to approve or reject bitcoin-related exchange traded funds (ETF) from Ark 21 Shares and Teucrium.
- The SEC said in a filing Tuesday it was postponing a decision on the ARK 21Shares Bitcoin ETF until April 3.
- In a separate filing, the regulator said it’s delaying its decision on the Teucrium Bitcoin Futures Fund to April 8.
- SEC Chairman Gary Gensler reiterated his support last autumn for a narrow class of bitcoin ETFs investing in futures contracts rather than the cryptocurrency itself. Earlier this month the SEC put off a decision on NYDIG’s proposal for a spot bitcoin ETF as well as ETFs from Valkryie, Grayscale and Bitwise.
- The regulator has also rejected spot bitcoin ETF proposals from a number of investment companies, including VanEck, WisdomTree and Kryptoin.
- Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.
Read more: SEC Rejects First Trust SkyBridge's Spot Bitcoin ETF Proposal
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