2023-08-12 00:26:00
Spot ETFs Allowed by SEC to List ‘Not Yet’
Cathy Wood CEO, Arc Investment, USA [사진 로이터=연합뉴스]
[이코노미스트 마켓in 이승훈 기자] The U.S. financial authorities have extended the listing review period for the bitcoin spot exchange-traded fund (ETF), which was applied by Cathy Wood, the “money tree sister.”
According to US media outlets such as the Wall Street Journal (WSJ) on the 11th (local time), the US Securities and Exchange Commission (SEC) announced that it would go through medical and convergence on the application for listing of the bitcoin spot ETF submitted by Cash Wood’s Arc Investment Management.
The related industry sees this as a measure to effectively extend the deadline for listing review. Previously, the SEC announced the deadline for reviewing Arc Investment’s listing on the 13th of this month.
Currently, a number of asset management companies have applied to list Bitcoin spot ETFs. Arc Investment is one of the first companies to apply.
Currently, Bitcoin futures ETFs are listed and traded, but spot ETFs are not allowed to be listed by the SEC. Previously, BlackRock, the largest asset management company in the United States, applied for a Bitcoin spot ETF listing, but when it was rejected in June, it supplemented the documents and resubmitted the application.
Cathy Wood, CEO of Ark Investments, raised expectations in the market by saying, “I expect the SEC to approve multiple Bitcoin spot ETFs at the same time” in a recent media interview.
ⓒThe Economist (“Economic News for Tomorrow” Unauthorized copying and redistribution prohibited)
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