Bitcoin again reached a strong resistance at USD 47,000 before the final decision of the Securities and Exchange Commission (SEC) on the Ark Invest fund and the 21 shares of the Bitcoin ETF spot fund. Valkyrie CIO signaled a 95% chance of spot ETF approval, and Fox Business reporter Charles Gasparino cited anonymous sources from a number of top US securities firms dealing with the SEC.
- As we know enough in Gasparinov, SEC Chairman Gary Gensler’s recent cryptographic warning should be a harbinger of the approval of spot Bitcoin ETFs and should be taken as a warning to investors, as the SEC as an agency usually does. Gensler signaled on X that Bitcoin is a speculative, volatile asset and that other digital assets “are not the same as BTC.” The chairman of the SEC thus signaled that governments can take regulatory steps that are applicable to Bitcoin, and the crypto ecosystem was sent to ‘lawbreakers’.
On the other hand, Gensler’s comments may signal that the agency is still skeptical of Bitcoin as a speculative and transactional asset. The SEC did not comment on the day of speculation about the final decision on the Bitcoin ETF, and in theory it could still be negative for issuers, but in this case the reason should be other than the two cited by regulators.
Source: xStation5
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2024-01-09 18:33:50
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