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SEC seems to be warming up to the idea of Bitcoin ETFs

The cryptocurrency landscape is on the brink of a significant transformation as the U.S. Securities and Exchange Commission (SEC) appears to be more receptive to the concept of Bitcoin ETFs. Bloomberg analysts have highlighted that recent interactions between the SEC and fund managers regarding a spot bitcoin ETF have taken a more positive tone. This shift in dialogue was further underscored when both Ark Invest and 21Shares made substantial additions to their prospectuses, a move often interpreted as laying the groundwork for impending regulatory approval. The potential green light for a Bitcoin ETF by the SEC is seen by many as a pivotal moment, signaling a broader institutional acceptance of digital currencies.

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CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin43,832 0.05 % 0.39 % 13.07 %
Litecoin77.68 0.01 % 2.83 % 8.12 %
XRP0.6846 0.17 % 5.61 % 11.45 %
Ethereum2,357.0 0.19 % 0.41 % 12.12 %
Dogecoin0.1018 0.62 % 4.11 % 21.39 %
USDC1.000 0.10 % 0.02 % 0.08 %
Cardano0.2543 0.15 % 1.68 % 3.38 %
Tether1.000 0.02 % 0.02 % 0.00 %
Binance Coin (Wormhole)222.47 0.38 % 4.71 % 3.08 %