{"id":553070,"date":"2023-09-27T08:00:15","date_gmt":"2023-09-27T08:00:15","guid":{"rendered":"https:\/\/shenyangcang.com\/?p=553070"},"modified":"2024-06-11T07:51:35","modified_gmt":"2024-06-11T07:51:35","slug":"21shares-spot-bitcoin-etf","status":"publish","type":"post","link":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/","title":{"rendered":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns"},"content":{"rendered":"<p><span style=\"font-weight: 400\">The US <\/span><a href=\"https:\/\/shenyangcang.com\/crypto\/sec-announcement-crypto\/#:~:text=What%20The%20SEC's%20Latest%20Announcement%20Means%20For%20The%20Crypto%20Industry,-by%20Scott%20Matherson&amp;text=A%20recent%20announcement%20by%20the,actions%20have%20had%20on%20it.\"><span style=\"font-weight: 400\">Securities and Exchange Commission\u2019s<\/span><\/a><span style=\"font-weight: 400\"> (SEC) <\/span><a href=\"https:\/\/www.sec.gov\/files\/rules\/sro\/cboebzx\/2023\/34-98530.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400\">early delay<\/span><\/a><span style=\"font-weight: 400\"> of the <\/span><a href=\"https:\/\/shenyangcang.com\/bitcoin-news\/sec-prove-bitcoin-is-not-manipulated\/\"><span style=\"font-weight: 400\">ARK 21Shares Spot Bitcoin ETF<\/span><\/a><span style=\"font-weight: 400\"> application has raised concerns in the crypto community about what this move might mean for the potential launch of any Spot Bitcoin ETF this year.<\/span><\/p>\n<h2>No Spot Bitcoin ETF This Year?<\/h2>\n<p><span style=\"font-weight: 400\">In a <\/span><a href=\"https:\/\/x.com\/JSeyff\/status\/41606740?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\"> shared on his X (formerly Twitter) platform, Bloomberg Analyst James Seyffart questioned the SEC\u2019s latest decision and whether or not it \u201cmay put the hammer down for any hopes of an ETF approval this year.\u201d He further quizzed whether this means we could see an imminent delay on some other Spot Bitcoin ETF applications with a deadline <\/span><a href=\"https:\/\/shenyangcang.com\/news\/october-important-sec-crypto\/#:~:text=The%20second%20deadline%20for%20several,the%20Bitwise%20Bitcoin%20ETP%20Trust.\"><span style=\"font-weight: 400\">in October<\/span><\/a><span style=\"font-weight: 400\">.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/analysis\/optimism\/optimism-op-below-1\/\">Upcoming Optimism Unlock Threatens To Drag OP Below $1<\/a><\/div>\n<p><span style=\"font-weight: 400\">On September 26, the SEC extended the time to decide on Cathie Wood\u2019s ARK Invest ETF application until January 10, 2024 ( the final deadline). However, it is worrisome that the Commission had until November 11 (about 46 days to go) before making this decision but chose to do it this early. The SEC has usually made such a decision just days (and not weeks) before the deadline.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">Seyfarrt showed less optimism in a subsequent <\/span><a href=\"https:\/\/x.com\/JSeyff\/status\/41606740?s=20\" rel=\"nofollow\"><span style=\"font-weight: 400\">tweet<\/span><\/a><span style=\"font-weight: 400\"> when he stated, \u201cIts so over. Everybody can pack up and go home now.\u201d signaling that he had probably lost hopes of a Spot Bitcoin ETF being launched this year.\u00a0<\/span><\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">Its so over. Everybody can pack up and go home now. <a href=\"https:\/\/t.co\/wBsTHXCuEs\" rel=\"nofollow\">https:\/\/t.co\/wBsTHXCuEs<\/a><\/p>\n<p>\u2014 James Seyffart (@JSeyff) <a href=\"https:\/\/twitter.com\/JSeyff\/status\/41606740?ref_src=twsrc%5Etfw\" rel=\"nofollow\">September 26, 2023<\/a><\/p><\/blockquote>\n<p><span style=\"font-weight: 400\">His statements are more significant considering that he, alongside another Bloomberg analyst, Eric Balchunas, had increased the likelihood of a Spot Bitcoin ETF <\/span><a href=\"https:\/\/bitcoinist.com\/likelihood-grayscale-spot-bitcoin-etf\/#:~:text=Odds%20For%20ETF%20Approval%20%E2%80%9C75,weren't%20approved%20by%20then.\" rel=\"nofollow\"><span style=\"font-weight: 400\">launching this year to 75% <\/span><\/a><span style=\"font-weight: 400\">following <\/span><a href=\"https:\/\/bitcoinist.com\/breaking-grayscale-scores-victory-against-us-sec-spot-bitcoin-etf-imminent\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">Grayscale\u2019s victory<\/span><\/a><span style=\"font-weight: 400\"> against the SEC in August.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Amidst all these delays, the SEC is yet to make a statement regarding the Grayscale\u2019s application as the court had ordered the Commission to review the application again. Many expect the Commission to appeal the decision, with the deadline for an <\/span><a href=\"https:\/\/shenyangcang.com\/news\/october-important-sec-crypto\/#:~:text=The%20second%20deadline%20for%20several,the%20Bitwise%20Bitcoin%20ETP%20Trust.\"><span style=\"font-weight: 400\">appeal coming in October<\/span><\/a><span style=\"font-weight: 400\">.\u00a0<\/span><\/p>\n<h2>Plausible Reasons For The SEC\u2019s Early Delay<\/h2>\n<p><span style=\"font-weight: 400\">Many in the crypto community, including Seyffart, had two major theories on why the SEC decided early on the ARK 21Shares Spot Bitcoin ETF application. One, they attributed it to the potential government shutdown that is looming.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">The SEC is expected to be affected if the US government services were to shut down on October 1. The Commission will have to <\/span><a href=\"https:\/\/www.reuters.com\/world\/us\/us-government-shutdown-what-closes-what-stays-open-2023-09-21\/\" rel=\"nofollow\"><span style=\"font-weight: 400\">furlough 90% of its workforce<\/span><\/a><span style=\"font-weight: 400\"> and suspend most of its activities. However, it seems far-fetched considering that November 11 still seems far off, and government activities will have resumed by then.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/shenyangcang.com\/news\/bitcoin\/key-bullish-bitcoin-metrics\/\">BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength<\/a><\/div>\n<p><span style=\"font-weight: 400\">The second major theory was that the <\/span><a href=\"https:\/\/flood.house.gov\/sites\/evo-subsites\/flood.house.gov\/files\/evo-media-document\/sec-bitcoin-spot-etf-letter-signature-check.pdf\" rel=\"nofollow\"><span style=\"font-weight: 400\">letter<\/span><\/a><span style=\"font-weight: 400\"> that Congress sent to the SEC Chair Gary Gensler might have struck the wrong nerves, prompting the Commission to make such a decision.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400\">In the letter, the congressmen urged the Commission to approve the pending Spot Bitcoin ETFs following the court\u2019s decision in the Grayscale case, stating that the \u201cSEC\u2019s current posture is untenable moving forward.\u201d<\/span><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-medium\" src=\"https:\/\/www.tradingview.com\/x\/gZl0Sg3w\/\" alt=\"Bitcoin price chart from Tradingview.com (Spot Bitcoin ETF SEC)\" width=\"2884\" height=\"1746\"><\/p>\n<pre style=\"text-align: center\">BTC price still holding $26,000 despite spot ETF delay | Source: <a href=\"http:\/\/Tradingview.com\" rel=\"nofollow\">BTCUSD on Tradingview.com<\/a><\/pre>\n<div class=\"disclaimer-shortcode\">Featured image from Unsplash, chart from Tradingview.com<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The US Securities and Exchange Commission\u2019s (SEC) early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community about what this move might mean for the potential launch of any Spot Bitcoin ETF this year. No Spot Bitcoin ETF This Year? In a tweet shared on his X (formerly Twitter) platform, Bloomberg Analyst James Seyffart questioned the SEC\u2019s latest decision and whether or not it \u201cmay put the hammer down for any hopes of an ETF approval this year.\u201d He further quizzed whether this means we could see an imminent delay on some other Spot Bitcoin ETF applications with a deadline in October. Related Reading: Upcoming Optimism Unlock Threatens To Drag OP Below $1 On September 26, the SEC extended the time to decide on Cathie Wood\u2019s ARK Invest ETF application until January 10, 2024 ( the final deadline). However, it is worrisome that the Commission had until November 11 (about 46 days to go) before making this decision but chose to do it this early. The SEC has usually made such a decision just days (and not weeks) before the deadline.\u00a0 Seyfarrt showed less optimism in a subsequent tweet when he stated, \u201cIts so over. Everybody can pack up and go home now.\u201d signaling that he had probably lost hopes of a Spot Bitcoin ETF being launched this year.\u00a0 Its so over. Everybody can pack up and go home now. https:\/\/t.co\/wBsTHXCuEs \u2014 James Seyffart (@JSeyff) September 26, 2023 His statements are more significant considering that he, alongside another Bloomberg analyst, Eric Balchunas, had increased the likelihood of a Spot Bitcoin ETF launching this year to 75% following Grayscale\u2019s victory against the SEC in August. Amidst all these delays, the SEC is yet to make a statement regarding the Grayscale\u2019s application as the court had ordered the Commission to review the application again. Many expect the Commission to appeal the decision, with the deadline for an appeal coming in October.\u00a0 Plausible Reasons For The SEC\u2019s Early Delay Many in the crypto community, including Seyffart, had two major theories on why the SEC decided early on the ARK 21Shares Spot Bitcoin ETF application. One, they attributed it to the potential government shutdown that is looming.\u00a0 The SEC is expected to be affected if the US government services were to shut down on October 1. The Commission will have to furlough 90% of its workforce and suspend most of its activities. However, it seems far-fetched considering that November 11 still seems far off, and government activities will have resumed by then. Related Reading: BULLISH: Bloomberg Analyst Points Out Two Key Bitcoin Metrics Demonstrating Historic Strength The second major theory was that the letter that Congress sent to the SEC Chair Gary Gensler might have struck the wrong nerves, prompting the Commission to make such a decision.\u00a0 In the letter, the congressmen urged the Commission to approve the pending Spot Bitcoin ETFs following the court\u2019s decision in the Grayscale case, stating that the \u201cSEC\u2019s current posture is untenable moving forward.\u201d BTC price still holding $26,000 despite spot ETF delay | Source: BTCUSD on Tradingview.com Featured image from Unsplash, chart from Tradingview.com<\/p>\n","protected":false},"author":594,"featured_media":553071,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,532,9960,656,1119,1144,78790,89193,84647],"class_list":["post-553070","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-etf","tag-bitcoin-etfs","tag-bitcoin-news","tag-btc","tag-btcusd","tag-btcusdt","tag-etf-news","tag-spot-bitcoin-etf"],"acf":[],"yoast_head":"\n<title>Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns<\/title>\n<meta name=\"description\" content=\"The US SEC&#039;s early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns\" \/>\n<meta property=\"og:description\" content=\"The US SEC&#039;s early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-27T08:00:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-06-11T07:51:35+00:00\" \/>\n<meta name=\"author\" content=\"Scott Matherson\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/MathersonScott\" \/>\n<meta name=\"twitter:site\" content=\"@newsbtc\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Scott Matherson\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\"},\"author\":{\"name\":\"Scott Matherson\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\"},\"headline\":\"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns\",\"datePublished\":\"2023-09-27T08:00:15+00:00\",\"dateModified\":\"2024-06-11T07:51:35+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\"},\"wordCount\":517,\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725\",\"keywords\":[\"bitcoin\",\"Bitcoin ETF\",\"Bitcoin ETFs\",\"Bitcoin news\",\"btc\",\"btcusd\",\"BTCUSDT\",\"ETF news\",\"Spot Bitcoin ETF\"],\"articleSection\":[\"Cryptocurrency Market News\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2023\",\"copyrightHolder\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\",\"url\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\",\"name\":\"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns\",\"isPartOf\":{\"@id\":\"https:\/\/shenyangcang.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725\",\"datePublished\":\"2023-09-27T08:00:15+00:00\",\"dateModified\":\"2024-06-11T07:51:35+00:00\",\"description\":\"The US SEC's early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community.\",\"breadcrumb\":{\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725\",\"width\":5901,\"height\":3725,\"caption\":\"Spot Bitcoin ETF SEC\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/shenyangcang.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/shenyangcang.com\/#website\",\"url\":\"https:\/\/shenyangcang.com\/\",\"name\":\"NewsBTC\",\"description\":\"Bitcoin &amp; Cryptocurrency News Today\",\"publisher\":{\"@id\":\"https:\/\/shenyangcang.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/shenyangcang.com\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/shenyangcang.com\/#organization\",\"name\":\"NewsBTC\",\"url\":\"https:\/\/shenyangcang.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"contentUrl\":\"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46\",\"width\":157,\"height\":46,\"caption\":\"NewsBTC\"},\"image\":{\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/newsbtc\",\"https:\/\/x.com\/newsbtc\",\"https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d\",\"name\":\"Scott Matherson\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g\",\"caption\":\"Scott Matherson\"},\"description\":\"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.\",\"sameAs\":[\"https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott\"],\"url\":\"https:\/\/shenyangcang.com\/author\/mathersonscott1\/\"}]}<\/script>\n","yoast_head_json":{"title":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns","description":"The US SEC's early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/","og_locale":"en_US","og_type":"article","og_title":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns","og_description":"The US SEC's early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community.","og_url":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/","og_site_name":"NewsBTC","article_publisher":"https:\/\/www.facebook.com\/newsbtc","article_published_time":"2023-09-27T08:00:15+00:00","article_modified_time":"2024-06-11T07:51:35+00:00","author":"Scott Matherson","twitter_card":"summary_large_image","twitter_image":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725","twitter_creator":"@https:\/\/twitter.com\/MathersonScott","twitter_site":"@newsbtc","twitter_misc":{"Written by":"Scott Matherson","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#article","isPartOf":{"@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/"},"author":{"name":"Scott Matherson","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d"},"headline":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns","datePublished":"2023-09-27T08:00:15+00:00","dateModified":"2024-06-11T07:51:35+00:00","mainEntityOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/"},"wordCount":517,"publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725","keywords":["bitcoin","Bitcoin ETF","Bitcoin ETFs","Bitcoin news","btc","btcusd","BTCUSDT","ETF news","Spot Bitcoin ETF"],"articleSection":["Cryptocurrency Market News"],"inLanguage":"en-US","copyrightYear":"2023","copyrightHolder":{"@id":"https:\/\/shenyangcang.com\/#organization"}},{"@type":"WebPage","@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/","url":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/","name":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns","isPartOf":{"@id":"https:\/\/shenyangcang.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage"},"image":{"@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725","datePublished":"2023-09-27T08:00:15+00:00","dateModified":"2024-06-11T07:51:35+00:00","description":"The US SEC's early delay of the ARK 21Shares Spot Bitcoin ETF application has raised concerns in the crypto community.","breadcrumb":{"@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#primaryimage","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725","width":5901,"height":3725,"caption":"Spot Bitcoin ETF SEC"},{"@type":"BreadcrumbList","@id":"https:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/shenyangcang.com\/"},{"@type":"ListItem","position":2,"name":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns"}]},{"@type":"WebSite","@id":"https:\/\/shenyangcang.com\/#website","url":"https:\/\/shenyangcang.com\/","name":"NewsBTC","description":"Bitcoin &amp; Cryptocurrency News Today","publisher":{"@id":"https:\/\/shenyangcang.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/shenyangcang.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/shenyangcang.com\/#organization","name":"NewsBTC","url":"https:\/\/shenyangcang.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","contentUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/logo-min.png?fit=157%2C46","width":157,"height":46,"caption":"NewsBTC"},"image":{"@id":"https:\/\/shenyangcang.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/newsbtc","https:\/\/x.com\/newsbtc","https:\/\/www.youtube.com\/channel\/UC9v9erBEru5y4c3FA0wehEw"]},{"@type":"Person","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/b728e21249a8147d980445b0ee98f18d","name":"Scott Matherson","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/shenyangcang.com\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/3d21ae3d2529ce2df4466b61ea80b449?s=96&d=mm&r=g","caption":"Scott Matherson"},"description":"Scott Matherson is a prominent crypto writer at NewsBTC with a knack for capturing the pulse of the market, covering pivotal shifts, technological advancements, and regulatory changes with precision. Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/shenyangcang.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns","url":"http:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/shenyangcang.com\/news\/21shares-spot-bitcoin-etf\/"},"thumbnailUrl":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin etf","bitcoin etfs","bitcoin news","btc","btcusd","btcusdt","etf news","spot bitcoin etf"],"dateCreated":"2023-09-27T08:00:15Z","datePublished":"2023-09-27T08:00:15Z","dateModified":"2024-06-11T07:51:35Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Early Rejection Of 21Shares Spot Bitcoin ETF Sparks Concerns\",\"url\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/21shares-spot-bitcoin-etf\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/shenyangcang.com\\\/news\\\/21shares-spot-bitcoin-etf\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2023\\\/09\\\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Scott Matherson\"}],\"creator\":[\"Scott Matherson\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/shenyangcang.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin etf\",\"bitcoin etfs\",\"bitcoin news\",\"btc\",\"btcusd\",\"btcusdt\",\"etf news\",\"spot bitcoin etf\"],\"dateCreated\":\"2023-09-27T08:00:15Z\",\"datePublished\":\"2023-09-27T08:00:15Z\",\"dateModified\":\"2024-06-11T07:51:35Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/shenyangcang.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/shenyangcang.com\/wp-content\/uploads\/2023\/09\/michael-fortsch-4GD_5kMZmY8-unsplash.jpg?fit=5901%2C3725","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/553070"}],"collection":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/users\/594"}],"replies":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/comments?post=553070"}],"version-history":[{"count":0,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/posts\/553070\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media\/553071"}],"wp:attachment":[{"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/media?parent=553070"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/categories?post=553070"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/shenyangcang.com\/wp-json\/wp\/v2\/tags?post=553070"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}