SEC Decided Today Whether To Approve Bitcoin ETF

SEC Decided Today Whether To Approve Bitcoin ETF

According to "Reuters" news, the US Securities and Exchange Commission (SEC) will decide whether to approve the Bitcoin ETF as soon as today (18th). According to the report, the approval is not expected to encounter strong resistance, and if approved, trading will begin within this week. In the past, the US government has suppressed Bitcoin, accusing it of illegal activities. But if the US Securities and Exchange Commission approves the Bitcoin ETF transaction this time, it means that the US government has recognized the status of Bitcoin. Last Friday, Bitcoin closed above $61,000, which seems to be approaching its historical high of $64,899 set on April 14 this year. And Bitcoin's strength also grabbed the share of gold investment. Spot gold fell back to the level of approximately US$1,760.