Amid the Bitcoin ETF approval chaos, the SEC faces scrutiny over the mysteriously deleted approval tweet and alleged cybersecurity breach. Critics argue for a thorough investigation into the SEC's handling, emphasizing the need for clarity in its regulatory mandate. The ongoing battle among financial institutions to lower fees for spot Bitcoin ETFs adds another layer of competition to the unfolding situation.
SanyaThe misleading SEC tweet resulted in a massive $220 million market wipeout, impacting over 70,000 traders. While Bitcoin ETF approval brings potential benefits, concerns about growing centralization and drifting from its original purpose arise. The incident underscores the challenges and risks associated with the evolving crypto landscape.
Cheng YuanThe recent fake SEC tweet regarding a Bitcoin ETF approval led to market chaos, sparking demands for an investigation into the SEC's vulnerability to misinformation. Lawmakers and observers questioned the SEC's reliability and commitment to market integrity. The incident prompted the SEC to pledge an investigation and collaborate with authorities, but uncertainty persists about the account breach and its implications.
Xu LinThe SEC confirms unauthorized access to its @SECGov account, triggering investigations alongside Twitter. A fake tweet on Bitcoin ETF approval caused market turbulence, refuted by Chair Gary Gensler. The incident raises concerns about crypto manipulation, prompting inquiries from regulators and Twitter. Despite this, key figures like Elon Musk remain silent, focusing on other unrelated topics.
EdmundFormer SEC Chair Jay Clayton predicts imminent approval of the first Bitcoin ETF in the U.S., highlighting market and infrastructure improvements.
Cheng YuanAnticipation builds as SEC reviews spot Bitcoin ETFs, with major players like Grayscale and Fidelity in the lead. Market optimism reflects in Bitcoin's recent price surge. Decisions expected next week hinge on meticulous SEC reviews, potentially shaping the crypto market landscape.
BerniceThe SEC appears closer to approving a spot Bitcoin ETF, with BlackRock's proposal adjustment and deepened SEC discussions signaling potential progress.
Huang BoGrayscale Investments is actively pursuing SEC approval for its Grayscale Bitcoin Trust's conversion into a spot bitcoin ETF. Recent discussions with the SEC revolve around NYSE Arca's proposed rule change. Grayscale's persistent efforts, court mandates, and engagements with BNY Mellon showcase its commitment. GBTC outlines plans for listing and ongoing share issuance. The broader industry, including major players like BlackRock and Fidelity, is also navigating the SEC approval process for spot bitcoin ETFs.
Huang BoThe poll came from one of El Salvador's leading opposition newspapers, prompting a self-congratulatory Tweet from the 'Bitcoin President'.
CryptoSlateThe asset manager said it would buy “exchange-traded protective puts” and sell “exchange-traded calls on bitcoin futures and/or bitcoin-related ETFs.”
Cointelegraph