The US Securities and Change Fee has delayed a choice on approving or disapproving the spot (BTC) exchange-traded fund (ETF) proposed by ARK Funding Administration.

In an Aug. 11 discover, the SEC opened a 21-day remark interval for the ARK 21Shares Bitcoin ETF to the general public following publication within the Federal Register, the newest delay for the regulator figuring out whether or not to approve or disapprove of a spot crypto ETF in the US. ARK initially filed to listing the ETF in Could, giving the SEC a most of 240 days — till January 2024 — to achieve a remaining determination.