The post SEC’s Decision on Bitcoin ETF: An Analyst Gives a Closer Look and Unpacks the Latest Ongoing Developments appeared first on Coinpedia Fintech News
The cryptocurrency industry has been eagerly anticipating the decision of the Securities and Exchange Commission regarding the approval of the spot Bitcoin ETF. While analysts and prominent figures predicted the highest possibility of approval, some still think there are uncertainties surrounding the matter.
In this article, we will delve into the latest developments and insights from industry experts to provide a comprehensive overview of the current situation.
Race of Spot Bitcoin ETFs
Since the start, the SEC has received several applications for Bitcoin ETFs over the past year, but all have been rejected due to concerns over market manipulation and volatility. The SEC also sees Bitcoin ETFs as a novel asset that could be cornered. However, in recent months, there have been renewed hopes for approval as several prominent player
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