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SEC to deny Ethereum ETFs next month; Here’s why
For years, the crypto community has been gripped by the question of when the Securities and Exchange Commission (SEC) will approve a spot Bitcoin (BTC) exchange-traded fund (ETF) and – among the more inclined toward cynicism – what reason they will find to reject the applications. January 2024, however, brought a significant advancement – though it has been driven by a precedent-setting decision of the Court of Appeals – and saw the approval of 9 spot BTC ETFs opening the next stage in institutional adoption and legal recognition: the matter of similar fund for the world’s second-biggest cryptocurrency, ... (full story)