Chaos and Approval: The Bitcoin ETF Saga

This chapter examines the recent approval of multiple Bitcoin spot ETFs by the SEC and the chaos that ensued, including a fraudulent tweet announcing their approval. The discussion critiques the SEC's past resistance to these products and highlights the mixed reactions from SEC commissioners, revealing concerns about regulatory neutrality and market integrity. The impact of such approvals on the cryptocurrency market is explored, along with the potential competitive landscape for future ETFs.

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