4:07 PM · 11 August 2023

BREAKING: SEC postpones decision on spot BTC funds from Ark Investment!

The Securities and Exchange Commission said in a filing on Friday that it will seek comment on ARK Investment Management's proposal to list a spot bitcoin ETF, effectively postponing a decision. The regulator had previously set 13 August as the deadline for approval or rejection. This comes as no surprise to the market, however, and analysts themselves had expected a longer timeframe to be required for such funds to be approved. Bitcoin is not reacting signficantly to this news.

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