The US Securities and Exchange Commission (SEC) has been delaying and rejecting the Bitcoin ETF for almost years. While other countries have already approved various cryptocurrency ETFs, the US has yet to do so and the entire cryptocurrency industry is on it. According to information reported by Bloomberg this morning, the SEC is expected to approve the Bitcoin ETF very soon.
Nasdaq Announces Bitcoin ETF Listing
With this positive news, although Bitcoin reached over $ 59,000 in a short time, another development that came an hour ago carried the price over $ 60,000. Valkyrie’s Bitcoin Strategy ETF is listed on the Nasdaq. Nasdaq’s vice president of listings Eun Ah choi A statement sent by ETF was also shared on social media, emphasizing that this directly means ETF approval.
This statement, which was shared on social media and stated that a Bitcoin ETF will be listed on the Nasdaq, was interpreted by many as the SEC had already approved the ETF in question. The SEC has not yet confirmed this, but the sign that it can be listed on the Nasdaq has had this effect on social media and the BTC price has also risen sharply.
yeah! It’s here! pic.twitter.com/Pr5n15AOR9
— Ran Neuner (@cryptomanran) October 15, 2021
The leading cryptocurrency Bitcoin is currently struggling at $ 60,000 on leading exchanges, and this news can have a negative impact as well as a positive one. The negative effect is known as the rejection of the Bitcoin ETF, which is the opposite of expectations. In this case, the price may experience a very sharp decline.
*Not Investment Advice.