🚀 Attention crypto-investors! The United States Securities and Exchange Commission (SEC) has decided to take the maximum time allowed to decide on the proposed ARK 21Shares spot Bitcoin (BTC) ETF.

- The SEC announced on September 26 that it would designate a longer period to approve or disapprove the proposed rule change that would allow spot BTC ETFs on the Cboe BZX Exchange.

- The final decision of the SEC will be known on January 10, 240 days after the application was submitted in May 2023.

- The reason for this extension is unclear, as the SEC typically waits until a few days before the deadline to file a delay.

The SEC says it needs more time to consider the proposed rule change and the issues raised. What do you think about this decision? Do you think the Bitcoin Spot ETF will finally be approved? Comment below! 👇