SEC Chair Gary Gensler Says Given Court's Order The Most 'sustainable Path Forward' Is To Approve Listing, Trading Of The Spot ETP Shares
Portfolio Pulse from Benzinga Newsdesk
SEC Chair Gary Gensler has indicated that following a court's order, the most sustainable course of action is to approve the listing and trading of spot ETP (Exchange-Traded Product) shares, according to Reuters.
January 10, 2024 | 9:46 pm
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While BTCUSD is not a US-listed company or ETF, the SEC's move to approve spot ETP shares could have a positive impact on Bitcoin prices as it may lead to increased mainstream adoption and investment.
The SEC's approval of spot ETP shares is likely to be seen as a positive development for Bitcoin and the cryptocurrency market. It could lead to the creation of new investment products that track the price of Bitcoin, thereby increasing its accessibility and legitimacy among traditional investors. This could result in increased demand for Bitcoin, positively influencing its price in the short term.
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