The approval process for the Ark 21Shares Bitcoin ETF listing on BZX has been delayed by the US Securities and Exchange Commission (SEC).
The SEC has initiated a postponement of its decision and has also introduced a 21-day window for the public to provide comments.
This delay is noteworthy as it represents the SEC's inaugural instance of extending the timeline for the newest set of applications for Bitcoin spot ETFs.
This situation could potentially foreshadow a comparable near-future outcome for other competing applicants.
Because of the arguments above and the lack of volume, I expect to see a retracement to $27500.
Looking forward to read your opinion about it!
The SEC has initiated a postponement of its decision and has also introduced a 21-day window for the public to provide comments.
This delay is noteworthy as it represents the SEC's inaugural instance of extending the timeline for the newest set of applications for Bitcoin spot ETFs.
This situation could potentially foreshadow a comparable near-future outcome for other competing applicants.
Because of the arguments above and the lack of volume, I expect to see a retracement to $27500.
Looking forward to read your opinion about it!
Trade active
Bitcoin getting closer to the price target!
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Trading COURSE bit.ly/tradex
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TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
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Disclaimer
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Private SIGNALS patreon.com/PremiumOptionsSignals
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Trading COURSE bit.ly/tradex
RESULTS bit.ly/TG10x
TradeNation bit.ly/t10X
CRYPTO partner.bybit.com/b/37880
BUY-SELL INDICATORS tradingindicators.store/
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.