The Securities and Exchange Commission’s (SEC) latest decision wasn’t enough to hold back the foremost cryptocurrency, Bitcoin. The cryptocurrency crossed $38,000 even on the back of the SEC’s move to delay two Spot Bitcoin ETFs.
SEC Delays Templeton And Hashdex Bitcoin Spot ETF
On November 28, the SEC delayed its decision on Templeton and Hashdex’s Spot Bitcoin ETF application. As part of the announcement, the Commission also invited comments on what has been its major concern up till now: the issue of fraud and manipulation and whether or not the surveillance agreements in place can help curb that.
Despite this development, the crypto market seemed unperturbed as Bitcoin crossed $38,000, and altcoins also posted some gains. This would come as a surprise to many, considering that the latest momentum in the market has been attributed majorly to the possibility of a Spot Bitcoin ETF approval.
A plausible explanation could be the fact that investors are certain that approva
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