The United States Securities and Exchange Commission (SEC) has given itself a 60-day extension to consider the potential listing of ARK 21Shares’ investment instrument on the Cboe BZX Exchange, with a new deadline of January 10. The SEC has also delayed its decision on the Bitcoin ETF offered by fund manager GlobalX. The reasons for these extensions are unclear. The SEC has the authority to extend or postpone the deadlines for other spot crypto ETF applications until March. It is important for readers to be aware that crypto products and NFTs are unregulated and speculative, and investing in them carries market risks. Expert advice and careful consideration of related literature is advised before making any investment.
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