The Securities and Exchange Commission (SEC) has filed a request to postpone its decision on whether to approve or deny the Ark 21Shares Bitcoin ETF for listing on BZX. This delay may indicate a similar outcome for other competitors. The SEC is seeking public input on whether the proposed ETF would be protected from fraudulent acts and whether the Bitcoin market is susceptible to manipulation. The agency has questioned the effectiveness of surveillance-sharing agreements with the CME Bitcoin Futures market and is exploring the potential benefits of partnering with Coinbase. 8 rival applicants have also named Coinbase as their preferred surveillance sharing partner.
AI Sentiment: Neutral