Coingape Staff
Crypto News LIVE Updates: After dragging its heels on approval of a spot Bitcoin exchange-traded fund (ETF), the US Securities and Exchange Commission (SEC) has given its blessing to Bitcoin ETFs. The industry has taken the SEC’s nod as a major sign of encouragement, with the global crypto market cap surging nearly 4% to $1.77 trillion over the last 24 hours.
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10:02:44 AM IST, 11 January 2024
Crypto News LIVE: Back To Back Court Losses Drove SEC To Approve Bitcoin ETF, Says Ripple Exec
The US SEC’s decision to approve spot Bitcoin exchange-traded funds (ETFs) may have been informed by the agency’s string of court losses against crypto firms, according to Ripple Chief Legal Officer Stuart Alderoty. The federal regulator was dealt a major blow in its fight against Ripple and Grayscale Investments last year.
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09:20:16 AM IST, 11 January 2024
Crypto News LIVE: US SEC Approves Spot Bitcoin ETFs, Grayscale Biggest Winner
The US securities watchdog has given its blessing to spot Bitcoin exchange-traded funds (ETFs), with Grayscale Investments emerging as the biggest winner. While the SEC was quick to reject Grayscale’s proposal of converting the Grayscale Bitcoin Trust (GBTC) into a spot Bitcoin ETF, a federal judge ruled that SEC was “arbitrary and capricious” in its rejection, and ruled in favour of Grayscale, opening the door for other ETF hopefuls.
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09:04:56 AM IST, 11 January 2024
Crypto News LIVE: Elon Musk Hails Bitcoin After SEC Approves Spot Bitcoin ETF
Billionaire Elon Musk on Wednesday signalled his willingness to use Bitcoin in the backdrop of the approval of spot Bitcoin ETFs in the US.
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