Based on these circumstances and those discussed more fully in the approval order, I feel the most sustainable path forward is to approve the listing and trading of these spot Bitcoin [exchange-traded product] shares, Gensler said.
The price of Bitcoin remained uncharacteristically flat in the hours after the announcement, a sharp contrast to earlier this week when a phony tweet from the official SEC X account said the Bitcoin ETF was approved on Tuesday night. Turned out, the account had been hacked.
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