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InvestmentsVanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto By Cointelegraph

VanEck’s Bitcoin spot ETF shunt solidifies SEC’s outlook on crypto By Cointelegraph


© Reuters.

(BTC) has been on a powerful worth run because the announcement of the United States Securities and Exchange Commission’s approval of ProShares’ Bitcoin futures exchange-traded fund (ETF) early in October, hitting a brand new all-time excessive of over $69,000 on Nov. 10, as per knowledge from TradingView.

However, the monetary watchdogs soured the temper by rejecting VanEck’s proposal for a spot ETF on Nov. 12, which acted as a set off for the worth of the flagship cryptocurrency to drop to a 30-day low of $55,705 on Nov. 19. The token is buying and selling within the $56,000 vary on the time of writing.