Dow Jones Rises as Bitcoin Falters Before ETF Verdict

Stocks Rise as Regulators Decide on Bitcoin ETF

As the deadline for regulators to decide on a spot Bitcoin ETF approached, stocks experienced a boost. The Nasdaq Composite traded 0.4% higher, the S&P 500 rose 0.2%, and the Dow Jones Industrial Average added 0.1% on Wednesday morning. All eyes were on Bitcoin, which slipped after the Securities and Exchange Commission (SEC) refuted a tweet from its official account stating that it had approved a spot Bitcoin ETF. However, most experts on Wall Street remain optimistic that the approval will come later in the day as the deadline looms.