Through of the world.
The US Securities and Exchange Commission (SEC) He was the protagonist of a real mess,announced this Tuesday that it had approved spot Bitcoin ETFs, but then its own president came out to deny the information.
Through of the world. Likewise, he highlighted that the publication that had appeared on the regulator’s official X account It wasn’t true.
SEC Fakenews Boosted Bitcoin Price
This post, which included a false comment purporting to be from the SEC Chairman, Gary Gensler, briefly pushed a jump in the price of Bitcoin. Investors have been speculating for weeks that the official agency could approve Bitcoin ETFs this Wednesday.
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Gensler said from X that the regulator’s account had been “compromised,” that an unauthorized statement was published, and that the agency had taken no action.
About a dozen companies have applied to list Bitcoin-backed ETFs in the US. The SEC has until January 10 to take action on at least one of those requests, and crypto experts have speculated that the regulator will use that date to announce the final decision.
There are two technical requirements that must be met before a spot-backed Bitcoin ETF can begin trading. First, the SEC must approve the calls 19b-4 filings from exchanges that would include the ETFs. Second, the regulator must approve relevant S-1 formswhich are the registration applications of potential issuers, a list that includes BlackRock and Fidelity.
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SEC plans to vote on exchange filings 19b-4 this weekBloomberg News reported. The regulator may or may not take action on the issuers’ applications, the S-1s, at around the same time. If the SEC grants both sets of required approvals, the ETFs could begin trading the next business day.
Source: Ambito
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