SEC punts on ARK 21Shares spot Bitcoin ETF, opens proposal to comments By Cointelegraph

The United States Securities and Exchange Commission has delayed a decision on approving or disapproving the spot (BTC) exchange-traded fund (ETF) proposed by ARK Investment Management.

In an Aug. 11 notice, the SEC opened a 21-day comment period for the ARK 21Shares Bitcoin ETF to the public following publication in the Federal Register, the latest delay for the regulator determining whether to approve or disapprove of a spot crypto ETF in the United States. ARK originally filed to list the ETF in May, giving the SEC a maximum of 240 days — until January 2024 — to reach a final decision.