SEC stated that ETF filings are inadequate 🔎
The Wall Street Journal reports that the SEC finds the recent filings for the creation of the first Bitcoin ETF to be inadequate. The SEC specifically points out that filings from companies like BlackRock and Fidelity are unclear and insufficient. However, this does not necessarily mean that the SEC will not approve the applications from these firms. While these indications reinforce the perception of the SEC's negative stance towards the cryptocurrency market, it is important to note that no definitive conclusion can be drawn at this point. In the midst of these developments, Bitcoin's price has fallen below $30,000.
Within a few minutes, Bitcoin lost approximately 3% from its local peak, which was around $31,000. This translates to a loss of approximately 0.5% throughout the day.
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Źródło: xStation5
