Bitcoin Plummets 5% as SEC Calls Spot Bitcoin ETF Filings ‘Inadequate’
Market Analysis

SEC Calls Spot Bitcoin ETF Filings Inadequate

[ad_1] The Securities and Exchange Commission (SEC) has said recent applications filed by asset managers to launch spot Bitcoin exchange-traded funds (ETFs) are “inadequate.” Since mid-June, Bitcoin has rallied over 20% in anticipation of a