“In sum, the Exchange believes that this proposal is consistent with the requirements of Section 6(b)(5) of the Act, that this filing sufficiently demonstrates that the CME Bitcoin Futures market represents a regulated market of significant size, and that on the whole the manipulation concerns previously articulated by the Commission are sufficiently mitigated to the point that they are outweighed by investor protection issues that would be resolved by approving this proposal,” the filing said, referring to Cboe BZX, the exchange working .
Source: https://www.coindesk.com/policy/2023/08/11/ark-21shares-bitcoin-etf-application-decision-pushed-by-sec/?utm_medium=referral&utm_source=rss&utm_campaign=headlines