Bitcoin ETF

Spot

<ul class="news-points"> 
 <li>The SEC approves the Bitcoin ETF applications submitted by almost 11 firms.</li> 
 <li>Gary Gensler and two Republican commissioners voted for the approval.</li> 
 <li>Two Democrat Commissioners opposed the approval, concerned about the potential threat of the crypto market.</li> 
</ul> 
The prolonged<a href="https://coinedition.com/blackrock-and-vaneck-update-their-s-1-bitcoin-etf-forms/"> anticipations</a> and discussions over the U.S. Securities and Exchange Commission’s (SEC) Bitcoin ETF approval took an astounding turn with the regulator’s game-changing move. Despite the agency’s approval of Spot Bitcoin ETF applications, the SEC’s commissioners were conflicted in terms of agreements and disagreements. 
According to<a href="https://www.reuters.com/technology/why-us-bitcoin-etf-is-game-changer-crypto-2024-01-10/" target="_blank" rel="nofollow"> reports</a>, the Securities and Exchange Commission (SEC) has approved the ETF applications submitted by almost 11 firms, including BlackRock, Fidelity, Invesco, Ark Investments, and VanEck. 
In an official<a href="https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023" target="_blank" rel="nofollow"> statement</a>, SEC Chair Gary Gensler stated, “Today, the Commission approved the listing and trading of a number of spot bitcoin exchange-traded product (ETP) shares.” 
However, the five SEC Commissioners had contrasting opinions regarding the necessity of an ETF launch. While Gary Gensler, a Democrat,<a href="https://www.politico.com/news/2024/01/10/sec-bitcoin-etf-00134836#:~:text=Commissioner%20Caroline%20Crenshaw%20called%20the,marred%20by%20fraud%20and%20manipulation.%E2%80%9D" target="_blank" rel="nofollow"> joined</a> the SEC’s two Republican commissioners in suppor…
The post <a href="https://coinedition.com/sec-commissioners-divide-over-spot-bitcoin-etf-decision-report/">SEC Commissioners Divide Over Spot Bitcoin ETF Decision: Report</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

SEC Commissioners Divide Over Spot Bitcoin ETF Decision: Report

Coin Edition

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