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February 1, 2023 by BitcoinLifestyle.com

SEC shoots down Ark Investment’s BTC spot ETF for second time

SEC shoots down Ark Investment’s BTC spot ETF for second time

The U.S. Securities and Exchange Commission (SEC) has shot down yet another BTC spot exchange-traded fund (ETF) application, this time rejecting Ark Investment Management for the second time. Ark teamed up with Swiss exchange-traded products (ETP) provider 21Shares for the first time on the ETF application in July 2021.

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