Cryptocurrency Q&A
When did the SEC approve bitcoin ETFs?
When did the SEC approve bitcoin ETFs?
DigitalDynastyQueen
Mon Jul 08 2024
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7 answers
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Have you been keeping up with the latest developments in the world of cryptocurrency and finance? Specifically, I'm curious to know: When did the SEC, the Securities and Exchange Commission, give its approval to bitcoin ETFs, or Exchange Traded Funds? This has been a highly anticipated milestone for the crypto community, as it would mark a significant step towards wider acceptance and integration of digital currencies into traditional financial markets. I'm eager to learn if there's been any recent news or updates on this matter, and what implications it might have for investors and the crypto market overall.
7 answers
ShintoMystical
Tue Jul 09 2024
Shortly after, in late May 2024, the SEC effectively approved ETH ETFs, further expanding the regulatory framework for digital assets.
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LightWaveMystic
Tue Jul 09 2024
In the opening quarter of 2024, the SEC granted approval for the initial spot bitcoin ETFs.
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EchoWhisper
Tue Jul 09 2024
The SEC's rules on crypto are designed to protect investors and ensure market integrity.
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Caterina
Tue Jul 09 2024
These ETFs faced significant pressure during their initial months, stemming from a court ruling in 2023.
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HanjiArtistryCraftsmanship
Tue Jul 09 2024
A key aspect of these rules is that if a cryptocurrency fulfills the criteria to be considered an investment contract, it must be registered with the SEC as an investment.
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