Barkmeta and Shibo Highlight August 31 Deadline During Daily Broadcast

Space Session Sets the Timeline

Christian Barker (Barkmeta / Bark) and David Chaboki (Shibo) opened the daily Crypto Spaces Network session by mapping the August 31 comment deadline for the SEC’s Novel ETF request under file S7-2026-24. They presented the filing as a 1940 Act request for comment rather than a flow report on any single asset. The hosts walked listeners through the Federal Register notice dated July 2, 2026, and the 60-day window that closes at the end of the month.

The pair stressed that the action carries file number S7-2026-24, RIN 3235-AN81, and release numbers 33-11426, 34-105808, and IC-36228. They noted the document lists 27 numbered questions focused on investment-company status tests, possible changes to Rule 6c-11, and automatic effectiveness periods under Rule 485. Listeners heard the distinction that this remains a comment request, not a proposed rule.

Scale of the ETF Market

The hosts placed the filing against the growth already recorded under the existing Rule 6c-11 framework. Assets under management expanded from more than $4 trillion at the end of 2019 to more than $12 trillion by the end of 2025. The number of ETFs rose from nearly 1,900 to more than 4,600 over the same span. These figures illustrated the regulatory reach that any amendments to the rule would affect.

The session also covered the 27 questions grouped around the Subjective Test and Tonopah factors, the Objective Test 40 percent investment-securities threshold, and the treatment of automatic effectiveness in 75- or 60-day windows. The hosts pointed out that many recent Novel ETF filings have sought automatic effectiveness and that staff has observed rapid-succession filings that are largely identical.

Leadership in the Room

Barkmeta and Shibo positioned the information for the live audience so that participants could track the comment process directly. They framed the August 31 close as the immediate focal point and directed attention to the three official documents that define the scope. The discussion stayed on the regulatory mechanics and the breadth of products listed, including crypto assets alongside commodity instruments, single-stock products, leverage structures, blockchain-enabled offerings, private assets, event contracts, and combinations.

The filing carries a designation as a significant regulatory action under Executive Order 12866 section 3(f). This status signals that the questions touch on broader policy considerations for the 1940 Act. The hosts kept the conversation anchored to the filing details and the public comment opportunity without reference to unrelated flow reports.

Next Steps for Commenters

Participants in the session received the exact publication citation of 91 FR 40647 and FR Doc 2026-13423. The hosts reiterated that comments are due 60 days after the July 2 Federal Register date. They underscored that the request covers whether to amend Rule 6c-11 and how to handle automatic effectiveness timelines for Novel ETF filings. The room focused on these parameters so that listeners could prepare submissions ahead of the August 31 cutoff.