This week was the final one before Aug. 13, when the SEC was expected to announce whether it would approve the spot bitcoin ETF filing by ARK Investment Management.
However, today the SEC announced it would delay its decision on the firm’s filing. This confirms what ARK’s Chief Investment Officer Cathie Wood said she expected in an interview with Bloomberg.
In the interview, Wood changed from her previously expressed belief that her firm would be the first to have its spot bitcoin ETF approved, saying she expects all spot bitcoin ETFs to be approved at the same time.
The SEC also made news this week when it, along with the Commodity Futures Trading Commission, fined financial firms more than $500 million for failing to keep records of business communications employees sent via apps like WhatsApp.
This follows $2 billion in fines given to other big banks such as Bank of America and Morgan Stanley in September 2022 for improper texting. Employees used various private messaging apps such as WhatsApp for business communications and failed to keep records of them.
In addition to Wells Fargo, BNP Paribas and Bank of Montreal were fined, among others. The firms must also hire independent consultants to overhaul their recordkeeping practices around employee communications.
Launches
Tuesday
Wednesday
Thursday
BUXX – Strive Enhance Income Short Maturity ETF (BUXX)
Cboe Validus S&P500 Dynamic PutWrite Index (PUTD)
First Trust Cboe Vest SMID Rising Dividend Achievers Target Income ETF (SDVD)
Strive Total Return Bond ETF (STXT)
FT Cboe Vest Technology Dividend Target Income ETF (TDVI)
Closures
Friday
ETF Changes
Monday
The following funds underwent splits:
Tuesday
The following funds underwent reverse splits:
Contact Gabe Alpert at [email protected]
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Source: https://finance.yahoo.com/news/odds-ends-ark-spot-bitcoin-220925116.html