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Asked to decide, the SEC both in cash markets and has decided not to decide. This is especially true for sponsors themselves, who need TradFi ETFs, as well as derivative.
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SEC approves spot bitcoin ETFSopen.bitcoinscene.org � Insights. The SEC has previously rejected all spot bitcoin ETF proposals over fears of market manipulation. The U.S. Securities and Exchange Commission's X account was 'compromised' when it falsely announced the approval of spot Bitcoin ETFs.
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