SEC Approves Spot Bitcoin ETF Sending Crypto Surging
Jan 15, 2024 By MarketDepth
SEC made an early release the previous day before the approval was finalized. Many crypto enthusiasts woke up to very positive news that spot bitcoin etf was approved for a few firms including: Grayscale, Fidelity and Bitwise. This is a huge step forward for the crypto market as investors can partake in investing in the coin without holding it in a digital wallet.
The news sent the crypto market surging with Bitcoin past $46,000 which is up from $43,000 a few days prior. The fake news the previous day sent the coin past $47,000 before the officials responded and announced a hack. The positive or negative effects of a Spot Bitcoin ETF will start to be seen more clearly.