‘We Did Not Approve or Endorse Bitcoin’: Gary Gensler’s Begrudging ETF Statement
The SEC chair said a court forced his hand and that the agency’s decision to greenlight a spot bitcoin ETF doesn’t signal support of that or any other digital asset.
The SEC chair said a court forced his hand and that the agency’s decision to greenlight a spot bitcoin ETF doesn’t signal support of that or any other digital asset.
Ophelia Snyder says it is impossible to conceptualize the changes in bitcoin trading volumes likely through ETF inflows.
The asset management industry has tried launching a spot bitcoin ETF for over a decade. Hopes are high they will lure more investors into crypto.
A hacked X/Twitter account and misunderstood filings make for a wild countdown to an expected approval.
The latest price moves in crypto markets in context for Jan. 10, 2024.
Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.
The revelation raises questions about the investments regulator’s security protocols.
Lawmakers and crypto boosters are asking questions about how the SEC’s X (formerly Twitter) account was compromised, leading to a bogus tweet on Tuesday.
The immediate price reaction showed that bitcoin’s price might be capped if a real approval arrives, one analyst noted.
The U.S. Securities and Exchange Commission has not yet approved any spot bitcoin ETF applications.