News around BTC Spot ETF has always affected its price.
This shows that the prices of the shares that would make up a BTC spot ETF would remain prone to swings in the coin’s price.
During the intraday trading session on the 3rd of January, the price of the largest crypto asset by market capitalization, Bitcoin [BTC], plummeted by 10%.
This decline came after the publication of a report by crypto investment services provider Matrixport.
The report stated that the U.S. Securities and Exchange Commission (SEC) may reject all applications before it for a spot Bitcoin exchange-traded fund (ETF) this month.
According to the analyst who authored the report, Markus Thielen, despite the series of meetings between applicants and the regulator and the updated S-1 prospectuses filed by them, all pending applications:
“Fall short of a critical requirement that must be met before the SEC approves.”
Thielen based this opinion on the current political landscape and the SEC’s general predis
We współpracy z: https://ambcrypto.com/bitcoins-history-tells-us-that-a-spot-etf-approval-is-not-without-risks/
