The Securities and Exchange Commission (SEC) has extended the deadline for public input on the proposal for a Bitcoin exchange-traded fund (ETF) by ARK 21 Shares. The public now has three weeks to comment on the proposal, and the SEC has another five weeks to respond to those comments. The SEC may also further extend the deadline by up to 240 days. The SEC has expressed concerns about Bitcoin’s lack of regulation, its potential for manipulation, and its lack of a regulated market or significant size.
AI Sentiment: Positive
