SEC Delays Decision on Bitcoin ETF from Ark Invest

The SEC has delayed a decision on the Ark 21Shares Bitcoin ETF, adding another hurdle to the quest for a crypto ETF. The SEC is seeking public comment, pushing the decision deadline back and potentially stretching the process into 2024. Other major organizations have also filed for ETFs, while Grayscale awaits a court decision on its proposal. However, there are signs that momentum is shifting in favor of the crypto industry, as Ripple secures a legal victory against the SEC's classification of crypto assets as securities. The price of bitcoin remains steady above $29,000.