Varinder Singh
Bitcoin ETF Live Updates: The US SEC has approved all 11 spot Bitcoin ETFs. After Tuesday’s uproar caused by an erroneous post about Bitcoin ETF approval, the SEC finally accepted spot Bitcoin ETF trading in the U.S. on Wednesday. Some issuers are even preparing to begin trading for their spot Bitcoin ETF on Thursday.
The long-awaited approval was supported by three out of five commissioners, including Gary Gensler. In an official statement he said, “While we approved the listing and trading of certain spot bitcoin ETP shares today, we did not approve or endorse bitcoin.” Some crypto leaders criticized the SEC’s bureaucratic approval process.
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11:34:08 AM IST, 11 January 2024
Bitcoin ETF LIVE News: Ark CEO Cathie Wood Slams Gary Gensler
Cathie Wood, CEO of Ark Invest, criticized SEC Chair Gary Gensler’s statement following the agency’s approval of 11 Spot Bitcoin ETF that the approval is not an endorsement of Bitcoin itself.
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11:28:01 AM IST, 11 January 2024
Bitcoin ETF LIVE News: Ripple CLO Says Bitcoin ETF Approval Is Outcome Of Court Losses
Ripple chief legal officer Stuart Alderoty said the approval of spot Bitcoin ETF is a result of the U.S. SEC losses in the court battles including the Grayscale lawsuit
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