Cathie Woods ARK Investment Management and Swiss-based investment product issuer 21Shares are making another attempt to get their bitcoin exchange-traded spot fund (ETF) approved by the U.S. Securities and Exchange Commission (SEC).
- The SEC rejected an application for the ARK 21Shares Bitcoin ETF in April, citing a lack of investor protection.
- A new application was filed by Cboe BZX Exchange on May 13.
- The SEC said in a release that it is seeking comments on the new filing.
- The SEC has yet to approve any spot bitcoin ETFs. It has either denied or delayed those applications while it approves funds that trade bitcoin futures.
- In its filing, Cboe said it believes it "represents a regulated market of significant size" and that the proposal should be approved, according to the May 25 filing.