Analyst: SEC’s approval of Bitcoin spot ETF before market close is another mistake
Forexlive analyst Adam Button stated that the final section of the Bitcoin spot ETF file approved by the US Securities and Exchange Commission (SEC) reads, "Pursuant to Section 19(b)(2) of the Exchange Act, it is hereby ordered that the proposed rule change (listing application) is approved on an accelerated basis." This file appears to be legitimate. However, releasing this news shortly before the US stock market closed seems like another mistake by the SEC. So far, the trend of Bitcoin's price is not optimistic. Button said that the current SEC file is down, but this is likely due to website overload. I cannot imagine anyone going to great lengths to forge a 22-page document.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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