Last night, expectations for the approval of the Bitcoin Spot ETF pushed the price above $47,000, but Digital Chamber of Commerce CEO Perianne Boring posted a tweet regarding the rejection decision.
“This is a Procrastination Sign”
“I think this is a delay signal,” said Boring, CEO of the Chamber of Digital Commerce, an organization dedicated to supporting innovation in cryptocurrencies and blockchain and working with regulators.
James Seyffart: I don’t think so.
Bloomberg ETF analyst James Seifert explained that the comments were noted by crypto investors during this period and although the information was correct, this was not a sign of rejection/postponement.
“Yes, that’s right… Additional comments regarding the S-1 application came when we learned about the processing fees. This is not unusual. We can expect more changes tomorrow. But I don’t think this is a signal so far. delay.”
Postponement or Rejection?
One user told Boring: “There can be no postponement decision regarding ARK Invest” and “If the decision is negative, it is a rejection.” Boring, CEO of the Digital Chamber of Commerce, said, “Yes, this rejection decision would be a postponement of the inevitable course,” adding that postponement also means rejection.
As it is known, the mandatory final decision of the SEC, which must be made by January 10, will only affect ARK Invest. However, experts say that the agency will not be satisfied with just ARK Invest and will make decisions jointly with all companies.
