SEC responds to TradFi giants' BTC spot ETF application🤔

Over in crypto, prices saw a temporary blip towards the end of the week as the WSJ reported that the SEC has responded negatively to the recent string of spot BTC ETF filings from the various TradFi giants, citing inadequate surveillance arrangements. However, not to be deterred, Fidelity and 7 other firms quickly refiled their ETF filings on Friday, adding Coinbase as their market surveillance partner in their filing addendum.

$BTC #Crypto #SEC #Spot #tradfi