The US Securities and Exchange Commission (SEC) has until August 13th to respond to ARK Invest’s application for a Bitcoin spot exchange-traded fund (ETF). This application is part of Wall Street’s efforts to gain exposure to Bitcoin. Despite the SEC’s rejection of certain crypto exchanges for non-compliance, it has not explained its rejection of Grayscale’s application, leading to criticism from judges. The article concludes by stating that readers should verify facts independently before making decisions based on the content.
AI Sentiment: Negative
