Cryptocurrency Q&A
Will SEC approve bitcoin ETFs?
Will SEC approve bitcoin ETFs?
Moonshadow
Wed Jul 17 2024
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6 answers
1476
Could you elaborate on the potential approval of Bitcoin Exchange-Traded Funds (ETFs) by the U.S. Securities and Exchange Commission (SEC)? Given the increasing popularity and acceptance of Bitcoin, as well as the rise in Bitcoin-related financial products, investors are eager to know if the SEC will eventually greenlight Bitcoin ETFs. What are the key factors the SEC considers when evaluating such proposals? Are there any recent developments or trends that could influence the SEC's decision? Additionally, what would be the potential implications for Bitcoin and the crypto market if Bitcoin ETFs are approved?
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6 answers
SejongWisdom
Fri Jul 19 2024
However, the tweet was later confirmed to be a hoax, and the SEC clarified that no such approval had been granted.
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Daniele
Fri Jul 19 2024
The @SECgov X account was breached and erroneously tweeted a message claiming approval for Bitcoin ETFs to be listed on all registered national securities exchanges.
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Martino
Fri Jul 19 2024
The tweet stated that the approved Bitcoin ETFs would be subject to ongoing surveillance and compliance measures to guarantee investor protection.
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DondaejiDelightfulCharmingSmile
Fri Jul 19 2024
Alongside the tweet, a graphic was attached featuring a quote allegedly from Gensler, the SEC's Chairman.
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GwanghwamunGuardian
Thu Jul 18 2024
This incident highlights the need for caution in the cryptocurrency industry, where misinformation can spread rapidly.
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