The United States Securities and Exchange Commission (SEC) has raised concerns about the recent filings for spot Bitcoin exchange-traded funds (ETFs), stating that they are insufficient. This comes after asset management giants BlackRock and Fidelity submitted their applications to launch spot Bitcoin ETFs. The Wall Street Journal reported that the SEC shared its perspective on the filings with Nasdaq and Cboe. Specifically, the agency expressed that the filings lacked clarity and comprehensiveness. Following the release of this news, Bitcoin experienced a drop of nearly 2% in its value. Similarly, other altcoins, including XRP, also saw a decline in their respective
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Author: coinmaker