The United States Securities and Exchange Commission, known as SEC for its acronym in English, extended the applications for the ETF of bitcoin (BTC) of the companies Global In context, the United States Securities and Exchange Commission is the entity in charge of protecting investors, maintaining the integrity of the securities markets and combating fraud in the securities investment sector. And ETF is called a "popular investment vehicle" that tracks the value of an underlying asset.
The SEC; mainly citing concerns about market manipulation; So far it has not approved any application in this regard, however the definitive non-rejection of these applications makes analysts predict a possible approval in the short term, keeping investors with bullish expectations.
In this way, the regulatory body considered it necessary to extend the deadline to evaluate the applications and the problems associated with cryptocurrency ETFs, having time until the first days of the year 2024 to take a final decision.
After this decision and as several analysts had anticipated, cryptocurrencies did not have major variations in their prices.
How did the market react?
The prices of both cryptocurrencies remained stable throughout the day.
BTC fluctuated between $35,860 and $36,720 per unit. Meanwhile, ETH remained between $1,910 and $1,984 per unit.
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