Bitcoin ETFs approved — SEC document

<p>Everyone is being careful with this but the SEC website this time has a new document <a href="https://www.sec.gov/files/rules/sro/nysearca/2024/fg-89shlq.pdf" target="_blank" rel="nofollow">here</a>.</p><p>It ends with:</p><blockquote>IT IS THEREFORE ORDERED, pursuant to Section 19(b)(2) of the Exchange Act,87
that the Proposals (SR-NYSEARCA-2021-90; SR-NYSEARCA-2023-44; SR-NYSEARCA2023-58; SR-NASDAQ-2023-016; SR-NASDAQ-2023-019; SR-CboeBZX-2023-028; SRCboeBZX-2023-038; SR-CboeBZX-2023-040; SR-CboeBZX-2023-042; SR-CboeBZX-2023-
044; SR-CboeBZX-2023-072) be, and hereby are, approved on an accelerated basis</blockquote><p>Looking at the document, it certainly looks legit. That said, releasing it shortly before the close looks like another SEC snafu.</p><p>So far, the price action in bitcoin isn't exactly promising either.</p><p>The document is down, but I imagine that's the loads on the site. I can't imagine someone going through all the trouble of spoofing a 22-page document.</p><p>Update: If there was any doubt this document was real, it's now been confirmed by the SEC Chair and several CEOs of the companies who will offer the ETFs.</p>

This article was written by Adam Button at www.forexlive.com.