Matrixport Report Casts Doubt on Approval of Bitcoin ETF
On January 3, a report released by Matrixport, a Bitcoin mining company and crypto financial services firm, raised concerns about the approval of a Bitcoin exchange-traded fund (ETF) by the United States Securities and Exchange Commission (SEC). The report, intended for Matrixport clients, suggested that the current leadership of the SEC, which is dominated by Democrats, is unlikely to embrace crypto and approve spot Bitcoin ETFs. The founder of Matrixport, Jihan Wu, later clarified that the report’s dissemination was not planned by the company and was beyond their control.
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