📢The Securities and Exchange Commission has rejected a spot

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📢The Securities and Exchange Commission has rejected a spot bitcoin exchange-traded fund proposed by #ARK Investment Management and 21Shares.  
Source: #TheBlock
##bearorbull #crypto2023

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The SEC and Ethereum Spot ETFs: What's Happening? The SEC has asked spot issuers of Ethereum ETFs to submit the first set of draft Form S-1s by Friday. This request marks a crucial step in the evolution of exchange-traded funds (ETFs) for digital assets. Forms S-1 are essential documents for registering new securities with the SEC, and their submission provides verification that all regulatory requirements are met. The move shows the growing interest in financial products linked to cryptocurrencies and could pave the way for wider adoption of Ethereum-based ETFs, providing investors with easier and regulated access to this growing market. What will be the next ETF in your opinion ? Source: #TheBlock #ETFEthereum #BNB #ETHETFsApproved

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