At last, the SEC has announced its decision, as investors eagerly awaited the institution’s verdict on the Ark&21Shares application. We have seen the markets shocked twice by erroneous announcements that ETFs were approved. The most recent of these occurred about 24 hours ago. However, with the third last-minute announcement, the SEC officially made its decision.
Spot Bitcoin ETF Decision
Cointelegraph had erroneously announced the approval of the Spot Bitcoin ETF months ago. This was the first major chaos, and the BTC price quickly fell after climbing to $30,000. The second fake announcement was made about 24 hours ago from the SEC’s official X account on Twitter. Investors believed this announcement, assuming that such a critical error would not be made from a US public institution’s X account during such a crucial period.
However, the second “Last Minute Approval” announcement was also incorrect. And now, we are here with the final, real, third announcement for the spot Bitcoin ETF. January 10th was the last day for the SEC to make a decision on the Ark&21Shares spot Bitcoin ETF application. For months, for weeks, investors have been waiting for this moment, deceived by false announcements. In the past few days, investors have been waiting sleeplessly, preparing bots and macros to catch the initial surge in movement.
Finally, the SEC has made its decision on the spot Bitcoin ETF. The Spot Bitcoin ETF has been approved.
