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SEC suggests any Bitcoin ETF approval will come directly from the watchdog

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The US Securities and Exchange Commission (SEC) issued a warning on Tuesday, urging caution in relying on unofficial sources for information about its

The SEC warns against relying on unofficial sources, suggesting that the Bitcoin ETF approval decision will come directly from the agency. A false spot ETF approval report caused a Bitcoin price surge, prompting the SEC to issue a warning. Industry players, including Ark Invest's Cathie Wood, remain optimistic about ETF approval. activity in the wake of the Bitcoin price surge on Monday, which was caused by a false report about the approval of a spot ETF.

However, the agency failed to meet the October deadline for appeal, giving Grayscale an advantage. Industry is optimistic for approval Ark Invest's Cathie Wood expressed optimism in a recent interview with CNBC, stating that she anticipates multiple ETF approvals from the SEC. Notably, her firm is among the nine ETF applicants. Many people think that the fact the SEC is asking questions is a change in behavior.

Source: Digital Coin News (digitalcoinnews.net)

 

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