The US Securities and Exchange Commission (SEC) has extended its decision on two spot Bitcoin ETF applications by ARK Invest and 21Shares and Global X, with the former postponed to January 2024. This decision comes shortly after four members of Congress wrote a letter to the agency's Chairman Gary Gensler, urging him to “immediately” approve spot Bitcoin ETF listing. The lawmakers argued that the court's ruling in a case involving Grayscale and the SEC meant that the regulator had no further reason to continue to turn down spot BTC ETF filings.