Analyst: SEC’s approval of Bitcoin spot ETF before market close is another mistake

Bitget App

Trade smarter

Cointime2024/01/11 00:20

By:Cointime

Forexlive analyst Adam Button stated that the final section of the Bitcoin spot ETF file approved by the US Securities and Exchange Commission (SEC) reads, "Pursuant to Section 19(b)(2) of the Exchange Act, it is hereby ordered that the proposed rule change (listing application) is approved on an accelerated basis." This file appears to be legitimate. However, releasing this news shortly before the US stock market closed seems like another mistake by the SEC. So far, the trend of Bitcoin's price is not optimistic. Button said that the current SEC file is down, but this is likely due to website overload. I cannot imagine anyone going to great lengths to forge a 22-page document.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

Share link:In this post: Tether, the world’s largest stablecoin issuer, mints another $1 billion worth of USDT on the Tron blockchain on Monday. The stablecoin issuer has issued roughly $12 billion of USDT on Tron since the beginning of 2025. The total supply of USDT on Tron is currently at $71.71 billion.

Cryptopolitan•2025/04/28 21:22

Josh Hawley resurrects ‘Pelosi Act’ to ban elected officials from trading markets

Share link:In this post: Senator Josh Hawley intends to push to ban members of Congress and their spouses from trading stocks. If the Pelosi Act passes, members of Congress and their spouses will have 180 days to comply. President Trump has stated that he supports the act and would sign it into law.

Cryptopolitan•2025/04/28 21:22