SEC’s Decision on Spot Bitcoin ETFs Could Go a Few Different Ways | EUROtoday

Crypto fanatics suppose the launch of the primary U.S. exchange-traded funds that maintain bitcoin is a carried out deal. But regulatory approval remains to be no assure, particularly within the wild world of crypto.

The Securities and Exchange Commission faces a ultimate deadline Wednesday to approve or reject no less than one of many 11 purposes for such funds, that are often known as spot bitcoin ETFs. Bitcoin has soared in current weeks in anticipation of regulatory approval, climbing above $47,000, its highest degree in about two years.