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News Explorer — Rumblings of SEC Talks With Spot Bitcoin ETF Applicants Boosts BTC Price

Generated by AI, curated by humans

Nov 17, 5:40 pm

The Block

Rumblings of SEC Talks With Spot Bitcoin ETF Applicants Boosts BTC Price

The price of bitcoin experienced a sudden increase of $800 after reports emerged that the U.S. Securities and Exchange Commission (SEC) has been engaging with exchanges regarding spot bitcoin ETF applications. The SEC has advised exchanges to consider cash creates instead of in-kind for ETFs, which is seen as a positive development for the process.

The price of bitcoin experienced a sudden increase of $800 after reports emerged that the U.S. Securities and Exchange Commission (SEC) has been engaging with exchanges regarding spot bitcoin ETF applications. The SEC has advised exchanges to consider cash creates instead of in-kind for ETFs, which is seen as a positive development for the process.

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