Bitcoin shed more than 4% in just 20 minutes after the Wall Street Journal reported that the SEC told the Nasdaq and Cboe exchanges that recent filings for spot bitcoin ETF funds weren’t “clear and comprehensive.”
that the U.S. Securities and Exchange Commission told the Nasdaq and Cboe exchanges that recent filings for spot bitcoin ETF funds weren’t “clear and comprehensive.”
The world's largest cryptocurrency by market capitalization, which had been trading around $31,081 before the report, quickly dove to $29,770, falling below $30,000 for the first time in a week, according to data fromIt's since pared some losses and is currently trading at $30,167, down 1.4% over the past 24 hours. Some analysts questioned if the news was as bad as the WSJ's headline made it seem..
The WSJ cited a Cboe spokeswoman as saying it intends to update and refile. Nasdaq and the SEC declined to comment, the WSJ said. Nasdaq and Fidelity declined to comment when contacted by The Block. Bitcoin blew past $30,000 earlier this month in the wake of the flurry of new ETF announcements, kicked off by BlackRock's filing on June 15. Despite Friday's decline, it's still up 11.2% over the past month.
© 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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