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SEC Form IHU GSED RCO AP Securities and Exchange Sec Gov

SEC Form IHU GSED RCO AP Securities and Exchange Sec Gov

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the US Securities and Exchange Commission SEC has denied the application for a spot Bitcoin exchange traded fund ETF submitted by Arc investment management and exchange traded note at an issuer 21 shares this marks the second time the SEC has rejected their application in a document published on January 26 the SEC stated that the sibo bzx exchange on which the ETF would be listed failed to demonstrate sufficient means to prevent fraudulent and manipulative acts and practices additionally the SEC argued that the exchange did not have a comprehensive surveillance sharing agreement with the regulated market of significant size related to spot Bitcoin the SEC had previously rejected an application from Arc invest and 21 shares back in April 2022 and denied their second application in May the spa

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