United

Bitcoin

<div class="watcher-guru"> 
 <p>In what may be a landmark decision, the US Securities and Exchange Commission (SEC) is set to make its first ruling on an impending Bitcoin ETF application. Specifically, the agency is approaching the deadline to approve or deny ARK Investment’s application. </p> 
 <p>That initial application has a decision deadline of August 13th. Subsequently, the industry should know whether or not the SEC will approve or deny the exchange-traded fund this week. Moreover, the decision should set a precedent for the multitude of applications that have arrived in recent months. </p> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="" class="wp-image-94503 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp.webp 1280w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 1024w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 800w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 1160w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 1280w" data-eio="j"> 
  <noscript> 
   <img decoding="async" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp" alt="" class="wp-image-94503" srcset="https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 1024w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 800w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 1160w, https://cdn.thebittimes.com/images/2023/08/08/92f9368604fe01325754507069b0c708.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: Proactive Investors 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> Approval More Likely, Bloomberg Analyst Suggests</strong></p> 
 <div class="quads-location quads-ad33739 " id="quads-ad33739" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828227"></div> 
  </div> 
 </div> 
 <h2 class="wp-block-heading" id="h-sec-will-make-a-crucial-bitcoin-etf-ruling-this-week">SEC Will Make a Crucial Bitcoin ETF Ruling This Week</h2> 
 <p>The entire digital asset <a rel="noopener noreferrer nofollow" title="sec" href="https://thebittimes.com/tag/sec.html">sec</a>tor was pleasantly surprised when a lot of traditional finance firms entered to submit <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> applications. Indeed, asset management giants like BlackRock and Fidelity have sought to enter the space. Moreover, the companies were seeking the first approval of its kind, as the SEC has yet to regulate such an offering.</p> 
 <p>Now, the time has come for the agency to finally make its first decision in this regard. Indeed, the SEC is set to make its first ruling on the <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> application for ARK. Specifically, the deadline for a decision to be made is August 13th, with an approval or denial likely arriving this week.</p> 
 <div class="quads-location quads-ad15192 " id="quads-ad15192" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div id="primisContainer" class="add"></div> 
 </div> 
 <figure class="wp-block-image size-large"> 
  <img decoding="async" loading="lazy" width="1024" height="576" src="data:image/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==" alt="The US Securities and Exchange Commission (SEC) is set to make its first ruling on a Bitcoin ETF application this week" class="wp-image-97085 ewww_webp" sizes="(max-width: 1024px) 100vw, 1024px" data-src-img="https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp" data-src-webp="https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp" data-srcset-webp="https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 1024w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 800w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 1160w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp.webp 1280w" data-srcset-img="https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 1024w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 800w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 1160w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 1280w" data-eio="j"> 
  <noscript> 
   <img decoding="async" loading="lazy" width="1024" height="576" src="https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp" alt="The US Securities and Exchange Commission (SEC) is set to make its first ruling on a Bitcoin ETF application this week" class="wp-image-97085" srcset="https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 1024w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 300w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 768w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 380w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 550w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 800w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 1160w, https://cdn.thebittimes.com/images/2023/08/08/f81a544bcd1cbd9a65fea8f4878ffd0b.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px"> 
  </noscript> 
  <figcaption class="wp-element-caption">
    Source: CNBC 
  </figcaption> 
 </figure> 
 <p><strong>Also Read: SEC Names 8 <a rel="noopener noreferrer nofollow" title="Bitcoin ETF" href="https://thebittimes.com/tag/bitcoin-etf.html">Bitcoin ETF</a> Applicants on Federal Register</strong></p> 
 <p>There are eight other companies that have filed spot Bitcoin ETF applications, including VanEck and Widom Tree. Nevertheless, the decision on ARK’s application could set a precedent for what we can expect from the other options. Moreover, approval would facilitate the first spot Bitcoin ETF in the United States.</p> 
 <p>ARK originally applied on May 15th, with the SEC filing a decision deadline for this week. However, the SEC is also able to extend the deadline for a decision, according to CNBC. Specifically, the agency has the ability to extend the deadline by 240 days. Extended to its limit, the application decision would not arrive until January 10th, 2024. </p> 
 <div class="quads-location quads-ad33742 " id="quads-ad33742" style="float:none;margin:0px 3px 3px 3px;padding:0px 0px 0px 0px;"> 
  <div class="publift-ad add"> 
   <div data-fuse="22560828233"></div> 
  </div> 
 </div> 
 <p></p> 
</div> 
<div class="cs-entry__tags"> 
 <ul> 
  <li>Bitcoin ETF</li> 
  <li>sec</li> 
 </ul> 
</div>

SEC Set to Make First Ruling on Bitcoin ETF Application

Table of Contents

TheBitTimes

Other articles published on Aug 7, 2023

Bitcoin Cash Weekly News August 7 2023 By The Bitcoin Cash Foundation

Binance Releases August Report For Proof of Reserves

ConsenSys: The Hidden Web of Ethereum Funding and Development

BitGPT- An Exchange That’ll Make Trading Better Than Ever

Redefining Duplicate Avatar and Verification in EXGOLAND

Chairman Gensler Warns of Widespread Cryptocurrency Fraud

Join our free newsletter for daily crypto updates!