SEC says first batch of Bitcoin ETFs depends on filing S-1 amendments by December 29, 2023.
Presently, BTC is trading below $43,500 and the 100-hourly simple moving average.
The United States Securities and Exchange Commission (SEC) has unveiled crucial updates on the eagerly anticipated approval process for spot Bitcoin exchange-traded funds (ETFs). The approval, expected in January 2024, has heightened speculation about the future trajectory of Bitcoin.
The SEC has disclosed that the initial wave of potential spot Bitcoin ETF issuers will exclusively comprise firms successfully submitting their final S-1 amendment forms by the imminent deadline of December 29, 2023. Notably, any applicant missing this pivotal cutoff date will be excluded from consideration in the inaugural wave.
Bitcoin Bulls Retreat
Currently, BTC is attempting a fresh ascent above the $43,500 resistance zone. Bitcoin made strides by surpassing the $44,000 mark. However, resistance from bears became evident near the
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