Bitcoin Tumbles on Report of SEC Saying Spot BTC ETF Filings Inadequate

The agency informed exchanges Nasdaq and Global Markets, which filed the applications on behalf of asset managers including Fidelity Investments, that they aren’t sufficiently clear and comprehensive, the people said. The exchanges or asset managers can update them to address the regulator’s feedback and refile.
 
Bitcoin Tumbles
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What? BTC is still above 30K, and I only show less than half a percent of a draw-down over the last 24-hours. Can someone tell me how this equates to Bitcoin tumbling? Even for the S&P/TSX or S&P 500 this is almost nothing.

I can't bother to read the article with such an idiotic title...

 
ETJ said:
It's appearing they are giving them more clarity towards a refiling.
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I think that's exactly what they're doing since Blackrock has more fundable power than the SEC believe it or not
 
The_Krakenite said:
What? BTC is still above 30K, and I only show less than half a percent of a draw-down over the last 24-hours. Can someone tell me how this equates to Bitcoin tumbling? Even for the S&P/TSX or S&P 500 this is almost nothing.

I can't bother to read the article with such an idiotic title...
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What are you looking at? BTC/USD or BTC/USDT?
 
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