U.S Securities And Exchange Commission Chair Says Commission Has Approved Listing Of A Number Of Spot Bitcoin Exchange-Traded Products
Portfolio Pulse from Benzinga Newsdesk
The U.S. Securities and Exchange Commission (SEC) Chair has announced the approval of several spot Bitcoin exchange-traded products (ETPs) for listing.
January 10, 2024 | 9:45 pm
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The SEC's approval for spot Bitcoin ETPs could lead to increased investor confidence and participation in Bitcoin, potentially driving up its price.
The SEC's approval of spot Bitcoin ETPs is a significant step for the cryptocurrency market, indicating regulatory acceptance and potentially attracting more institutional and retail investors. This could increase demand for Bitcoin, leading to a positive impact on its price in the short term.
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