Scaramucci suggests that a spot Bitcoin ETF may be approved as soon as the first quarter of next year. This could spur a bull market into action, he explains.
Indeed, the SEC is making life tough for crypto businesses like Ripple, Binance and Coinbase in the U.S. But market sentiments are unlikely to diminish.
In the latest turn of events, Fidelity may be planning moves in the crypto market with the launch of a bitcoin spot ETF or a potential acquisition of Grayscale.
Despite the various advantages of cryptocurrencies’ market maturity and innovation, the SEC still has concerns about the potential of pure-play bitcoin exchange-traded funds. The Securities and Exchange Commission (SEC) believe their queries about the potential for financial fragility and systemic…
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