SEC Chair Gary Gensler said the agency is not endorsing bitcoin with the approval of spot ETFs, but he said circumstances have changed.
Bitcoin’s price jumped to $48,000 before dropping to $45,000 following a fake announcement from the SEC yesterday. Today it barely moved.
In a milestone for crypto adoption, the SEC today approved the trading of Bitcoin exchange-traded funds (ETFs). CoinDesk rounded up reaction from across the crypto industry to the news.
Is an ETF at odds with Bitcoin’s goal of breaking away from Wall Street? Absolutely. Is that same ETF also necessary for crypto to grow? Also yes.
Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.
Go to Source Author: Nick Baker
After the spot bitcoin ETF approval, all attention turns to how much demand these investment vehicles will attract.
A fraudulent CoinGecko post announced the launch of a GCKO token and included a suspicious link to claim an airdrop.
The decision is being watched closely.
The decision is being watched closely.
