VanEcks Bitcoin spot ETF shunt cements SECs point of view toward crypto

November 22, 2021




The SEC dismissing VanEcks spot ETF began a value inversion for Bitcoin as the controllers attitude toward digital forms of money is uncovered further. 


Bitcoin (BTC) has been on a noteworthy value run since the declaration of the United States Securities and Exchange Commissions endorsement of ProShares Bitcoin prospects trade exchanged asset (ETF) from the get-go in October, hitting another record-breaking high of more than $69,000 on Nov. 10, according to information from TradingView. 


Nonetheless, the monetary guard dogs soured the temperament by dismissing VanEcks proposition for a spot ETF on Nov. 12, which went about as a trigger at the cost of the lead cryptographic money to drop to a 30-day low of $55,705 on Nov. 19. The token is exchanging the $56,000 territory at the hour of composing.


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