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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.
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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Michael Bellusci
Michael Bellusci is a former CoinDesk crypto reporter. Previously he covered stocks for Bloomberg. He has no significant crypto holdings.
