Key Insights:
- Bitcoin (BTC) price soared 6% on Monday to hit the $47,000 mark for the first time since April 2022, amid positive developments surrounding the Bitcoin spot ETF application process.
- The BTC price rally came as markets reacted positively to a statement issued by SEC Chairman Gary Gensler.
- While Gensler’s statement did not mention the proposed spot bitcoin ETFs, the timing of his post on X has raised eyebrows across crypto online communities.
Bitcoin’s (BTC) price soared above $47,000 for the first time in 21 months amid positive developments surrounding the BTC Spot ETF filings.
SEC Requests Minor Tweaks to Final ETF Filings
This week, Bitcoin exchange-traded fund (ETF) issuers sent the U.S. Securities and Exchange Commission (SEC) documents detailing their…
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