Confusion takes over the cryptocurrency market as as soon as once more the US Securities and Exchanges Fee (SEC) makes an approval announcement however solely to take it down. In right this moment’s sequence, the official web site of the SEC revealed a PDF asserting the approval of all 11 spot Bitcoin ETF purposes. Nonetheless, the hyperlink to the announcement was taken down instantly after it caught the crypto neighborhood’s consideration.
Some market specialists are speculating that the web site crashed due to the excessive quantity of site visitors directed at it. It nonetheless stays unclear whether or not or not the fee has truly permitted all 11 spot Bitcoin ETF purposes. Notably, the announcement revealed right this moment learn,
“IT IS THEREFORE ORDERED, pursuant to Part 19(b)(2) of the Alternate Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA- 2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SR- CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR-CboeBZX-2023- 044; SR-CboeBZX-2023-072) be, and hereby are, permitted on an accelerated foundation.”
This acted as a affirmation of approval for all 11 spot Bitcoin ETF purposes. The purposes have been from Blackrock, Valkyrie, Franklin, Bitwise, Constancy, Hashdex, Ark Make investments, Grayscale, WisdomTree, Van Eck and Invesco Galaxy. However the hyperlink that gave the above data now seems like:
Supply: SEC
The story remains to be growing…