According to ChainCatcher, the U.S. Securities and Exchange Commission (SEC) has once again rejected Ark Invest and 21Shares' spot Bitcoin ETF listing application, stating that they failed to "demonstrate that their proposals meet the requirements surrounding the prevention of fraud and other malicious behavior."
As previously reported, the US SEC rejected Ark and 21Shares’ spot Bitcoin ETF applications for the first time in April last year, citing a lack of investor protection. They then submitted applications again in May, but the SEC delayed the decision-making approval several times. (Source link)
