SEC Speculation: Will Bitcoin Spot ETF Be Rejected?
A new report speculating on the future of a bitcoin spot ETF has sent shockwaves through the cryptocurrency community. According to Matrixport, there are concerns that the US Securities and Exchange Commission (SEC) will reject the eagerly awaited ETF this month. While this report by Markus Thielen, the head of research at Matrixport, is purely speculative, it has been taken seriously in some quarters. However, upon further examination, the flimsiness of the analysis becomes apparent.
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