Confusion takes over the cryptocurrency market as once again the US Securities and Exchanges Commission (SEC) makes an approval announcement but only to take it down. In today’s series, the official website of the SEC published a PDF announcing the approval of all 11 spot Bitcoin ETF applications. However, the link to the announcement was taken down immediately after it caught the crypto community’s attention.
Some market experts are speculating that the website crashed because of the high volume of traffic directed at it. It still remains unclear whether or not the commission has actually approved all 11 spot Bitcoin ETF applications. Notably, the announcement published today read,
“IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87 that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA- 2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SR- CboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR-CboeBZX-2023- 044; SR-CboeBZX-2023-072) be, and hereby are, approved on an accelerated basis.”
This acted as a confirmation of approval for all 11 spot Bitcoin ETF applications. The applications were from Blackrock, Valkyrie, Franklin, Bitwise, Fidelity, Hashdex, Ark Invest, Grayscale, WisdomTree, Van Eck and Invesco Galaxy. But the link that gave the above information now looks like:
Source: SEC
The story is still developing…
