The November 5 deadline set by the U.S. Securities and Exchange Commission (SEC) in relation to public comments on nine Bitcoin exchange-traded fund (ETF) proposals has passed with the Commission now focused on ending their review process and coming to a final decision.
The SEC had originally rejected the proposals back in August citing issues with the underlying Bitcoin futures markets and stating that the spot Bitcoin market is still prone to manipulation. The Commission declared that the products did not comply with the requirements outlined in the “Exchange
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