.SECGov has once against rejected ARKInvest and 21Shares' joint effort to list a spot bitcoin ETF in the U.S. By JamieCrawleyCD
The U.S. Securities and Exchange Commission rejected a joint effort by Ark Investment Management and 21Shares to list a spot bitcoin exchange-traded fund for the second time.– on which the ETF would be listed – had failed to"demonstrate that its proposal is consistent with the requirements" surrounding prevention of fraud and other malevolent practices.
An earlier attempt by Cathie Wood's Ark Investment Management and Swiss investment products provider 21Shares to list a spot bitcoin ETF in the U.S.
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