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The SEC has delayed its decision on the ARK 21Shares spot Bitcoin ETF until next year.
The US Securities and Exchange Commission has decided to delay a decision on the ARK 21Shares Bitcoin ETF until next year, setting a new deadline of January 10.
“The SEC believes it would be appropriate to provide a longer period of time to decide whether to approve or disapprove a proposed rule change to allow sufficient time for its review,” it said in a statement released Tuesday.
The statement was released just hours after a group of Republican and Democratic lawmakers pressed Gary Gensler to urgently approve the ETF. The SEC also delayed its decision on the Global X Bitcoin Trust until November 21. All this suggests that other applications will also be delayed.
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