Mustafa has been writing about Blockchain and crypto since many years. He has previous trading experience and has been working in the Fintech industry since 2017.
The US Securities and Exchange Commission (SEC) has extended the review period for ARK Invest’s spot Bitcoin exchange-traded fund (ETF) application. The SEC now has until January 2022 to approve or deny the application, which was filed by ARK Invest in June. Spot Bitcoin ETFs hold the underlying asset and track the price of Bitcoin directly. The SEC has yet to approve a spot Bitcoin ETF due to concerns over market manipulation and investor protections. Several other companies have also filed applications for similar ETFs, including VanEck, Fidelity, and WisdomTree.
