SEC Delays Decision on ARK 21 Shares Bitcoin ETF to Next Year!

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The US SEC has put forth a decision to postpone the approval of the ARK 21 Shares Bitcoin ETF proposal until next year, with a new deadline of January 10. This decision follows the postponement of the Global X Bitcoin Trust’s proposal, which has been delayed until November 21. The move suggests that further delays on spot bitcoin funds could be on the horizon. The SEC’s actions have caused uncertainty among both investors and companies as they wait for the SEC’s approval to invest in Bitcoin ETFs. Some experts believe that the SEC’s hesitation may be due to concerns over the nature of the cryptocurrency market and Bitcoin’s volatility.