SEC Delays Decision on Bitcoin-Related ETFs From Ark 21 Shares, Teucrium

The U.S. Securities and Exchange Commission (SEC) has again delayed decisions on whether to approve or reject bitcoin-related exchange traded funds (ETFs) from Ark 21 Shares and Teucrium.

  • The SEC said in a filing Tuesday it was postponing a decision on the ARK 21Shares Bitcoin ETF until April 3.
  • In a separate filing, the regulator said it’s delaying its decision on the Teucrium Bitcoin Futures Fund to April 8.
  • SEC Chairman Gary Gensler reiterated his support last fall for a narrow class of bitcoin ETFs investing in futures contracts rather than the cryptocurrency itself. Earlier this month it put off a decision on NYDIG’s proposal for a spot bitcoin ETF as well as from Valkryie, Grayscale and Bitwise.
  • It has also rejected spot bitcoin ETF proposals from a number of investment companies, including VanEck, WisdomTree and Kryptoin.
  • Grayscale is owned by Digital Currency Group, the parent company of CoinDesk.

Read more: SEC Rejects First Trust SkyBridge’s Spot Bitcoin ETF Proposal

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