The US Securities and Exchange Commission (SEC) is expected to make a crucial decision to close ARK Invest’s Bitcoin Spot ETF application by Wednesday. It will decide whether the application will be approved or not. Experts believe that the SEC will make a collective decision on all applications.
“Don’t Get FOMO”
A clear warning came from the SEC before this decision, which was eagerly awaited by both the finance and crypto sectors. The agency used the following statements in its official statement:
“There has been a huge increase in online investments recently. Digital assets and meme stocks are growing rapidly, but understanding such assets may not be easy. Meme coins and meme stocks can rise or fall based on their popularity in the internet world. Don’t forget NFTs relate to a company’s performance. Just because someone else invests in an asset doesn’t mean it’s a good opportunity for you or others. “Don’t give in to FOMO”
Today is the Last Day for S-1 Files…
The company, which applied to the SEC for a Spot Bitcoin ETF, updated its 19b-4 file on Friday, and this was a very important step towards the approval of the fund. It is stated that today is the last day to update the application files, also known as S-1.
If approval is received on Wednesday, these ETFs can be opened for trading on Thursday or Friday
